Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Libya
KCPPPGLYA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.96
Year-over-Year Change
-3.87%
Date Range
1/1/1986 - 1/1/2010
Summary
This trend measures the share of Libya's GDP per capita at constant prices that is attributed to household consumption. It provides insights into the structure and dynamics of the Libyan economy.
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 is an economic indicator that reflects the proportion of a country's total economic output that is dedicated to household consumption. It is a useful metric for analyzing consumption patterns and understanding the role of domestic demand in a nation's economic development.
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 drivers of economic growth and the sustainability of consumption in Libya.
Key Facts
- Libya's consumption share of GDP was 47.9% in 2021.
- Consumption has remained a relatively stable component of Libya's economy over the past decade.
- Libya's consumption share is lower than the global average of around 60%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Libya's GDP per capita at constant prices that is attributed to household consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: The consumption share of GDP is a key indicator of the role of domestic demand in a country's economic activity, which is important for understanding economic structure and growth dynamics.
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 analysts use this trend to assess the drivers of economic growth and the sustainability of consumption patterns in Libya.
Q: Are there update delays or limitations?
A: There may be lags in data reporting and potential revisions due to the complexities of calculating purchasing power parity-adjusted GDP figures.
Related Trends
Investment Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Germany
KIPPPGDEA156NUPN
Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Swaziland
KCPPPGSZA156NUPN
Investment Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Sweden
KIPPPGSEA156NUPN
Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Serbia
KGPPPGRSA156NUPN
Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Maldives
KCPPPGMVA156NUPN
Investment Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for United Kingdom
KIPPPGGBA156NUPN
Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Libya (KCPPPGLYA156NUPN), retrieved from FRED.