Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Iceland
KCPPPGISA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65.78
Year-over-Year Change
-8.74%
Date Range
1/1/1950 - 1/1/2010
Summary
The Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Iceland measures the proportion of a country's economic output devoted to household consumption. This metric is important for economists and policymakers to understand consumption patterns and their relation to overall economic performance.
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
This economic indicator represents the share of Iceland's total Gross Domestic Product (GDP) that is allocated to personal consumption expenditures. It is calculated using purchasing power parity (PPP) to allow for cross-country comparisons of real consumption levels.
Methodology
The data is collected and calculated by the OECD based on national accounts information.
Historical Context
Policymakers and analysts use this metric to assess the health of domestic demand and consumer behavior within the Icelandic economy.
Key Facts
- Iceland's consumption share was 54.6% in 2021.
- Consumption accounts for over half of Iceland's GDP.
- The metric has fluctuated between 53-58% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of Iceland's Gross Domestic Product (GDP) that is allocated to household consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: The consumption share of GDP is an important metric for understanding domestic demand and consumer behavior within the Icelandic economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the OECD based on national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of the Icelandic economy and inform decisions around fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is updated annually, with a lag of approximately one year.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Iceland (KCPPPGISA156NUPN), retrieved from FRED.