Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for United Kingdom
KCPPPGGBA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76.94
Year-over-Year Change
1.97%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic indicator tracks the consumption share of Purchasing Power Parity (PPP) converted GDP per capita in the United Kingdom at constant prices. It provides insights into the relative consumption patterns and living standards within the UK economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The consumption share of PPP-converted GDP per capita is a measure of the proportion of total economic output that is devoted to household consumption. This metric is useful for comparing living standards and consumption behaviors across countries and over time.
Methodology
The data is collected and calculated by the World Bank using national accounts data and PPP conversion factors.
Historical Context
This trend is used by economists, policymakers, and market analysts to assess the state of the UK economy and consumer demand.
Key Facts
- The consumption share of PPP-converted GDP per capita in the UK was 65.7% in 2021.
- This metric has remained relatively stable in the UK over the past decade.
- Consumption accounts for a larger share of GDP in the UK compared to many other advanced economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of a country's total economic output that is devoted to household consumption, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: The consumption share of PPP-converted GDP per capita provides insights into consumer behavior and living standards, which are important for understanding the state of the overall economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts data and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess consumer demand, living standards, and the overall health of the UK economy, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is typically updated on an annual basis, with a delay of around one year, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for United Kingdom (KCPPPGGBA156NUPN), retrieved from FRED.