Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Oman
KCPPPGOMA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.47
Year-over-Year Change
-0.19%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the consumption share of purchasing power parity (PPP) converted GDP per capita in Oman at constant prices. It provides insights into Oman's standard of living and consumer spending patterns.
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 for Oman is an important economic indicator that reflects the proportion of a country's economic output allocated to household consumption. It offers valuable insights into the standard of living and consumer demand within the Omani economy.
Methodology
The data is calculated based on GDP per capita figures adjusted for purchasing power parity and held at constant prices.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to evaluate Oman's economic development and consumer-driven growth.
Key Facts
- Oman's consumption share of GDP per capita PPP was 43.9% in 2021.
- This indicator has fluctuated between 40-45% over the past decade.
- Oman'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 Oman's GDP per capita, adjusted for purchasing power parity, that is allocated to household consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into Oman's standard of living and consumer demand, which are crucial factors for evaluating the country's economic development and consumer-driven growth.
Q: How is this data collected or calculated?
A: The data is calculated based on GDP per capita figures adjusted for purchasing power parity and held at constant prices.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess Oman's economic performance, consumer spending patterns, and the potential for consumer-driven growth and development.
Q: Are there update delays or limitations?
A: The data is typically updated on an annual basis, with a slight delay due to the time required for data collection and analysis.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Oman (KCPPPGOMA156NUPN), retrieved from FRED.