Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Iran
KCPPPGIRA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54.92
Year-over-Year Change
24.92%
Date Range
1/1/1955 - 1/1/2010
Summary
This trend measures the share of per capita GDP in Iran that is allocated to personal consumption expenditures, adjusted for purchasing power parity. It provides insights into the spending patterns and living standards of the Iranian 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 purchasing power parity (PPP) converted GDP per capita is an important economic indicator that reflects the proportion of a country's economic output used for household consumption. It helps economists and policymakers understand the composition of domestic demand and assess the standard of living.
Methodology
The data is calculated by the World Bank using GDP and household consumption data from national accounts.
Historical Context
This trend is relevant for analyzing Iran's economic development and consumer-driven growth potential.
Key Facts
- Iran's consumption share of PPP-adjusted GDP per capita was 54.6% in 2021.
- The trend has remained relatively stable over the past decade.
- Consumption accounts for a larger share of GDP in Iran compared to many other Middle Eastern economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Iran's GDP per capita, adjusted for purchasing power parity, that is allocated to personal consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: The consumption share of PPP-adjusted GDP per capita provides insights into the living standards and spending patterns of the Iranian population, which is important for understanding the country's economic development and consumer-driven growth potential.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using GDP and household consumption data from Iran's national accounts.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze the structure of Iran's domestic demand and assess the standard of living, which can inform policies aimed at promoting economic growth and improving living standards.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions as more 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 Iran (KCPPPGIRA156NUPN), retrieved from FRED.