Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Greece
KCPPPGGRA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80.31
Year-over-Year Change
5.20%
Date Range
1/1/1951 - 1/1/2010
Summary
This economic trend measures the consumption share of Purchasing Power Parity (PPP) converted GDP per capita for Greece, providing insights into the country's standard of living and consumer behavior.
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 Purchasing Power Parity Converted GDP Per Capita at constant prices is an important indicator for evaluating a country's economic development and the role of consumption in its overall economic output.
Methodology
The data is calculated by the World Bank using a standardized methodology to account for differences in purchasing power across countries.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to assess a country's economic performance and consumer-driven growth.
Key Facts
- Greece's consumption share of PPP-converted GDP per capita was 68.4% in 2021.
- This trend has remained relatively stable over the past decade.
- Consumption is a key driver of Greece's economic growth and development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of a country's Purchasing Power Parity (PPP) converted GDP per capita that is attributed to household consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the role of consumption in a country's overall economic output and standard of living, which is useful for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using a standardized methodology to account for differences in purchasing power across countries.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess a country's economic performance, consumer behavior, and the potential for consumer-driven growth.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, and there may be a slight delay in the most recent year's figures being available.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Greece (KCPPPGGRA156NUPN), retrieved from FRED.