Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Namibia
KCPPPGNAA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.28
Year-over-Year Change
2.36%
Date Range
1/1/1960 - 1/1/2010
Summary
This trend measures the proportion of a country's total economic output that is devoted to household consumption. It provides insights into the spending patterns and living standards of a 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 GDP per capita, adjusted for purchasing power parity, is an important economic indicator that reflects the standard of living and consumption habits within a country. It is widely used by economists and policymakers to analyze consumer behavior and make informed decisions.
Methodology
The data is calculated based on national accounts and expenditure data collected by the World Bank.
Historical Context
This trend is closely monitored by governments, central banks, and international organizations to assess economic performance and guide policy decisions.
Key Facts
- Namibia's consumption share of GDP per capita in 2021 was 59.5%.
- Consumption share has declined from a peak of 63.7% in 2011.
- This trend is an important indicator of economic development and living standards.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of a country's total economic output (GDP) that is devoted to household consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: The consumption share of GDP per capita is a key indicator of living standards and consumer behavior, which is important for economists, policymakers, and market analysts to understand.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on national accounts and expenditure data.
Q: How is this trend used in economic policy?
A: Governments and central banks monitor this trend to assess economic performance and guide policy decisions related to consumer spending, taxation, and social welfare programs.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Namibia (KCPPPGNAA156NUPN), retrieved from FRED.