Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Kuwait
KCPPPGKWA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47.21
Year-over-Year Change
51.44%
Date Range
1/1/1986 - 1/1/2010
Summary
This economic trend measures the consumption share of purchasing power parity (PPP) converted GDP per capita at constant prices for Kuwait. It provides insights into the spending and consumption patterns of the Kuwaiti 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 Converted GDP Per Capita at constant prices for Kuwait represents the proportion of total economic output that is devoted to household consumption within the country. This metric is used by economists and policymakers to analyze consumer demand, living standards, and the overall composition of the Kuwaiti economy.
Methodology
The data is collected and calculated by the World Bank based on national accounts and household survey information.
Historical Context
This trend is relevant for understanding the state of the Kuwaiti economy and informing economic policies aimed at promoting sustainable consumption and growth.
Key Facts
- Kuwait's consumption share of PPP-converted GDP per capita was 39.1% in 2021.
- The trend has remained relatively stable over the past decade.
- Household consumption plays a significant role in the Kuwaiti economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Kuwait's total economic output that is devoted to household consumption, as expressed through purchasing power parity-converted GDP per capita at constant prices.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the consumption patterns and living standards of the Kuwaiti population, which is important for understanding the overall composition and health of the Kuwaiti economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts and household survey information.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze consumer demand, inform policies aimed at promoting sustainable consumption and growth, and monitor the overall state of the Kuwaiti economy.
Q: Are there update delays or limitations?
A: The data is typically updated on an annual basis, with a delay of several months, and may be subject to revisions by the data source.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Kuwait (KCPPPGKWA156NUPN), retrieved from FRED.