Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for New Zealand
KCPPPGNZA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72.27
Year-over-Year Change
0.58%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the share of purchasing power parity (PPP) converted GDP per capita in New Zealand that is attributed to consumption spending. It provides insights into the spending patterns and standards of living within the country.
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 PPP-converted GDP per capita is a key indicator of economic development and household welfare. It reflects the portion of total economic output that is allocated towards private consumption rather than investment, government spending, or net exports.
Methodology
The data is calculated by the OECD using national accounts and PPP conversion factors.
Historical Context
This trend is closely monitored by policymakers and analysts to understand consumer behavior and assess the sustainability of economic growth.
Key Facts
- New Zealand's consumption share of PPP-converted GDP per capita was 57.3% in 2021.
- This indicator has remained relatively stable over the past decade.
- Household consumption is a major driver of economic growth in New Zealand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of purchasing power parity (PPP) converted GDP per capita in New Zealand that is allocated towards private consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: The consumption share of PPP-converted GDP per capita is a key indicator of living standards and consumer behavior, providing insights into the relative importance of household spending within the broader economy.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using national accounts and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to understand consumer spending patterns and assess the sustainability of economic growth, which can inform policy decisions related to fiscal, monetary, and social welfare measures.
Q: Are there update delays or limitations?
A: The data is updated annually by the OECD, and there may be a lag of several months between the reference period and the data release.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for New Zealand (KCPPPGNZA156NUPN), retrieved from FRED.