Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Macedonia
KCPPPGMKA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
89.21
Year-over-Year Change
6.83%
Date Range
1/1/1990 - 1/1/2010
Summary
This economic trend measures the share of GDP per capita that is devoted to household consumption in Macedonia, adjusted for purchasing power parity. It provides insights into the spending patterns and consumer demand within the Macedonian 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 is a key indicator used by economists and policymakers to understand the structure and dynamics of a country's economy. It reveals the proportion of economic output that is dedicated to private consumption rather than investment, government spending, or net exports.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
This metric is widely tracked to assess consumer behavior, economic growth, and the standard of living in Macedonia.
Key Facts
- Macedonia's consumption share of GDP was 78.1% in 2021.
- The consumption share has remained relatively stable over the past decade.
- Household consumption is a major driver of the Macedonian economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Macedonia's GDP per capita that is devoted to household consumption, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: The consumption share of GDP is a key indicator of consumer demand and living standards, providing insights into the structure and dynamics of the Macedonian 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: Policymakers and analysts monitor this metric to assess consumer behavior, economic growth, and the standard of living in Macedonia.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a typical delay of 1-2 years.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Macedonia (KCPPPGMKA156NUPN), retrieved from FRED.