Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Mali
KCPPPGMLA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66.55
Year-over-Year Change
-17.12%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the share of Mali's Gross Domestic Product (GDP) that is allocated to personal consumption. It provides insights into the spending patterns and purchasing power of Malian consumers.
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 tracks the proportion of a country's total economic output that is dedicated to household consumption. This statistic is useful for analyzing consumer demand, living standards, and the overall structure of an economy.
Methodology
The data is calculated by the World Bank using purchasing power parity (PPP) exchange rates to convert GDP per capita into a common currency and measure real consumption levels.
Historical Context
This trend is widely used by policymakers, economists, and market analysts to assess the health and growth potential of consumer-driven sectors within Mali's economy.
Key Facts
- Mali's consumption share of GDP was 78.3% in 2021.
- Consumption accounts for the largest component of Mali's GDP.
- The consumption share has declined from over 90% in the 1990s.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Mali's total economic output that is allocated to personal consumption by households.
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 within an economy, making it valuable for policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The World Bank calculates this metric using purchasing power parity (PPP) exchange rates to convert GDP per capita into a common currency and measure real consumption levels.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health and growth potential of consumer-driven sectors within Mali's economy, informing decisions around fiscal, monetary, and social policies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture rapid changes in consumer spending patterns.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Mali (KCPPPGMLA156NUPN), retrieved from FRED.