Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Sri Lanka
KCPPPGLKA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76.19
Year-over-Year Change
-3.10%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the share of Sri Lanka's Gross Domestic Product (GDP) that is allocated to personal consumption expenditures, adjusted for purchasing power parity. It provides insights into the consumption patterns and living standards of the Sri Lankan 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 metric represents the proportion of a country's economic output that is devoted to household consumption. It is a valuable indicator for understanding the composition and dynamics of a nation's economy, as well as the purchasing power and living standards of its citizens.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to analyze economic development, consumer behavior, and the effectiveness of economic policies.
Key Facts
- Sri Lanka's consumption share of GDP was 74.7% in 2021.
- The consumption share has remained relatively stable over the past decade.
- Higher consumption share indicates a greater emphasis on household spending in the economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Sri Lanka's Gross Domestic Product (GDP) that is allocated to personal consumption expenditures, adjusted for purchasing power parity (PPP).
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the consumption patterns and living standards of the Sri Lankan population, which is valuable for understanding the composition and dynamics of the country's 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 (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to analyze economic development, consumer behavior, and the effectiveness of economic policies in Sri Lanka.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in the underlying national accounts and PPP data for some countries.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Sri Lanka (KCPPPGLKA156NUPN), retrieved from FRED.