Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Lebanon
KCPPPGLBA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83.23
Year-over-Year Change
5.24%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the consumption share of purchasing power parity (PPP) converted GDP per capita in Lebanon at constant prices. It provides insights into the spending patterns and living standards of the Lebanese 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 represents the proportion of a country's economic output that is devoted to household consumption. This metric is useful for cross-country comparisons and evaluating the efficiency of resource allocation within an economy.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
This trend is relevant for policymakers and analysts assessing the overall economic health and development of Lebanon.
Key Facts
- Lebanon's consumption share of PPP-converted GDP per capita was 87.4% in 2021.
- This metric has remained relatively stable in Lebanon over the past decade.
- Consumption patterns can vary significantly across different countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of a country's economic output that is devoted to household consumption, based on purchasing power parity (PPP) converted GDP per capita.
Q: Why is this trend relevant for users or analysts?
A: The consumption share of PPP-converted GDP per capita is an important indicator of living standards and the efficiency of resource allocation within an economy.
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: This trend is relevant for policymakers and analysts assessing the overall economic health and development of a country like Lebanon.
Q: Are there update delays or limitations?
A: The data is typically updated annually by the World Bank, so there may be a delay in the most recent information being available.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Lebanon (KCPPPGLBA156NUPN), retrieved from FRED.