Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Tonga
KCPPPGTOA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.45
Year-over-Year Change
-11.63%
Date Range
1/1/1970 - 1/1/2010
Summary
This trend measures the proportion of a country's purchasing power parity-adjusted GDP per capita that is consumed rather than saved or invested. It provides insights into the spending patterns and economic priorities of Tonga's population.
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 an important economic indicator that reflects the balance between consumption, savings, and investment in a country. It can help analysts understand the standard of living, spending habits, and economic policies in Tonga.
Methodology
This data is calculated by the World Bank using national accounts and population data.
Historical Context
Policymakers use this metric to assess the health and sustainability of Tonga's economy.
Key Facts
- Tonga's consumption share of GDP per capita was 76.4% in 2020.
- The trend has remained relatively stable over the past decade.
- Consumption accounts for a larger share of GDP in Tonga compared to many other Pacific island nations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Tonga's purchasing power parity-adjusted GDP per capita that is consumed rather than saved or invested.
Q: Why is this trend relevant for users or analysts?
A: The consumption share of GDP per capita provides insights into the spending patterns and economic priorities of Tonga's population, which is useful for policymakers and analysts.
Q: How is this data collected or calculated?
A: The World Bank calculates this metric using national accounts and population data.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to assess the health and sustainability of Tonga's economy and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year.
Related Trends
Investment Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Belgium
KIPPPGBEA156NUPN
Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Cameroon
KCPPPGCMA156NUPN
Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Lithuania
KCPPPGLTA156NUPN
Investment Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Bulgaria
KIPPPGBGA156NUPN
Investment Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Guyana
KIPPPGGYA156NUPN
Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Iran
KCPPPGIRA156NUPN
Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Tonga (KCPPPGTOA156NUPN), retrieved from FRED.