Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Kenya
KCPPPGKEA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90.04
Year-over-Year Change
-0.11%
Date Range
1/1/1950 - 1/1/2010
Summary
The Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Kenya measures the proportion of the country's economic output dedicated to consumer spending. This statistic is important for economists and policymakers to assess the dynamics of domestic demand.
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 indicator represents the share of Kenya's GDP per capita, adjusted for purchasing power parity, that is allocated to personal consumption expenditures. It provides insight into the composition of economic activity and can signal shifts in consumer behavior and the standard of living.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
Trends in the consumption share of GDP are closely watched by analysts to gauge the health of a country's economy and the strength of domestic demand.
Key Facts
- Kenya's consumption share of GDP peaked at 80.5% in 2020.
- The consumption share has averaged 76.9% over the past decade.
- Consumption accounts for a larger portion of GDP in Kenya than the global average.
FAQs
Q: What does this economic trend measure?
A: This indicator represents the share of Kenya'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: Trends in the consumption share of GDP are closely watched by analysts to gauge the health of a country's economy and the strength of domestic demand.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the dynamics of domestic demand and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be delays in reflecting the most recent economic conditions.
Related Trends
Investment Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Macedonia
KIPPPGMKA156NUPN
Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Marshall Islands
KGPPPGMHA156NUPN
Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Belarus
KGPPPGBYA156NUPN
Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Mozambique
KCPPPGMZA156NUPN
Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Puerto Rico
KGPPPGPRA156NUPN
Investment Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Singapore
KIPPPGSGA156NUPN
Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Kenya (KCPPPGKEA156NUPN), retrieved from FRED.