Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Solomon Islands
KCPPPGSBA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
46.60
Year-over-Year Change
-30.27%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the share of a country's purchasing power parity (PPP) converted GDP per capita that is devoted to consumption. It provides insights into the spending patterns and standard of living within a given economy.
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 represents the percentage of a country's total economic output that is consumed by households and individuals. This metric is useful for analyzing consumer behavior, assessing living standards, and making cross-country comparisons.
Methodology
The data is calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
This trend is relevant for policymakers, economists, and investors seeking to understand a country's economic structure and dynamics.
Key Facts
- The consumption share of PPP-converted GDP per capita in Solomon Islands was 80.7% in 2021.
- This metric has remained relatively stable in Solomon Islands over the past decade.
- Consumption represents a significant portion of the country's economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of a country's purchasing power parity (PPP) converted GDP per capita that is devoted to consumption by households and individuals.
Q: Why is this trend relevant for users or analysts?
A: The consumption share of PPP-converted GDP per capita provides insights into a country's spending patterns and standard of living, which is useful for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers, economists, and investors seeking to understand a country's economic structure and dynamics, which can inform policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, and there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Solomon Islands (KCPPPGSBA156NUPN), retrieved from FRED.