Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for India
KCPPPGINA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61.00
Year-over-Year Change
-10.28%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures India's consumption share of purchasing power parity (PPP) converted GDP per capita at constant prices. It provides insights into the consumption patterns and living standards of the Indian population.
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 an important economic indicator that reflects the proportion of a country's economic output dedicated to household consumption. It offers valuable insights into the standard of living and the distribution of wealth within India.
Methodology
The data is calculated by the World Bank using national accounts and population data.
Historical Context
This trend is widely used by economists, policymakers, and financial analysts to assess the state of the Indian economy and make informed decisions.
Key Facts
- India's consumption share of PPP-converted GDP per capita was 59.3% in 2021.
- This trend has remained relatively stable over the past decade.
- Household consumption is a key driver of India's economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of India's GDP per capita, adjusted for purchasing power parity, that is dedicated to household consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: The consumption share of PPP-converted GDP per capita provides valuable insights into the living standards and consumption patterns of the Indian population, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The World Bank calculates this trend using national accounts data and population figures.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the strength of domestic demand, the distribution of wealth, and the overall state of the Indian economy, which informs economic and social policies.
Q: Are there update delays or limitations?
A: The data is typically updated annually by the World Bank, and there may be some delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for India (KCPPPGINA156NUPN), retrieved from FRED.