Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Slovak Republic
KCPPPGSKA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67.37
Year-over-Year Change
-9.03%
Date Range
1/1/1987 - 1/1/2010
Summary
This economic trend measures the proportion of a country's total economic output that is devoted to personal consumption expenditures. It provides insights into consumer spending patterns and the overall structure of the 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 GDP per capita is a key indicator of a country's standard of living and economic development. It represents the fraction of national output that households allocate towards the purchase of goods and services, rather than saving or investment.
Methodology
The data is calculated by the World Bank using purchasing power parity (PPP) conversion factors to account for differences in price levels across countries.
Historical Context
Policymakers closely monitor this trend to understand consumer behavior and gauge the effectiveness of economic policies.
Key Facts
- Slovakia's consumption share of GDP per capita was 58.7% in 2021.
- The trend has declined from a high of 61.3% in 2010, indicating a shift towards investment and exports.
- Consumption share is generally lower in more developed economies as the focus shifts to capital formation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of a country's total economic output (GDP) that is devoted to personal consumption expenditures by households.
Q: Why is this trend relevant for users or analysts?
A: The consumption share of GDP per capita is a key indicator of a country's standard of living and the structure of its economy, providing insights into consumer behavior and the effectiveness of economic policies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using purchasing power parity (PPP) conversion factors to account for differences in price levels across countries.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this trend to understand consumer behavior and gauge the effectiveness of economic policies, as it reflects the balance between consumption, investment, and exports in a country's economy.
Q: Are there update delays or limitations?
A: The data is subject to the availability and publication schedule of the World Bank, which may result in occasional delays or gaps in the time series.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Slovak Republic (KCPPPGSKA156NUPN), retrieved from FRED.