Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Sudan
KCPPPGSDA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
73.05
Year-over-Year Change
-7.42%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the portion of Sudan's GDP per capita that is allocated to personal consumption, adjusted for purchasing power parity. It provides insight into the spending habits and living standards of Sudanese households.
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 (PPP) converted GDP per capita represents the percentage of a country's economic output that is directed towards individual consumption. This metric is useful for cross-country comparisons of living standards and household spending patterns.
Methodology
The data is calculated by the World Bank using household consumption and GDP figures converted to a common currency using PPP exchange rates.
Historical Context
This trend is relevant for economists and policymakers studying Sudan's economic development and the drivers of household consumption.
Key Facts
- Sudan's consumption share of PPP-adjusted GDP per capita was 79.2% in 2020.
- This metric has trended downward in Sudan over the past decade.
- Household consumption accounts for a larger portion of GDP in Sudan compared to many other developing economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the portion of Sudan's GDP per capita that is allocated to personal consumption, adjusted for purchasing power parity (PPP).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the spending habits and living standards of Sudanese households, which is useful for economists and policymakers studying the country's economic development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using household consumption and GDP figures converted to a common currency using PPP exchange rates.
Q: How is this trend used in economic policy?
A: This trend is relevant for economists and policymakers studying Sudan's economic development and the drivers of household consumption.
Q: Are there update delays or limitations?
A: The data may have a delay in reporting, and it is limited to the scope of Sudan's GDP and household consumption figures.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Sudan (KCPPPGSDA156NUPN), retrieved from FRED.