Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Philippines
KCPPPGPHA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76.66
Year-over-Year Change
-3.83%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the proportion of a country's total economic output that is allocated to personal consumption. It is a key indicator of a nation's standard of living and consumer-driven economic activity.
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, represents the percentage of a country's economic production that is devoted to household consumption of goods and services. This metric provides insights into the strength of domestic demand and the balance between consumption and other components of GDP.
Methodology
The data is calculated by the World Bank using national accounts information and purchasing power parity exchange rates.
Historical Context
Policymakers and analysts use this indicator to assess a country's economic development and the role of consumer spending in driving growth.
Key Facts
- The consumption share in the Philippines was 72.7% in 2021.
- Philippines' consumption share has decreased from 75.5% in 2015.
- Consumption accounts for the largest component of GDP in the Philippines.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of a country's total economic output that is allocated to personal consumption of goods and services.
Q: Why is this trend relevant for users or analysts?
A: The consumption share of GDP per capita provides insights into the strength of domestic demand and the balance between consumption and other components of economic activity, which is important for understanding a country's economic development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts information and purchasing power parity exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess a country's economic development and the role of consumer spending in driving economic growth.
Q: Are there update delays or limitations?
A: The data is published annually with a delay, 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 Philippines (KCPPPGPHA156NUPN), retrieved from FRED.