Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Tanzania
KCPPPGTZA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61.43
Year-over-Year Change
-18.15%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic indicator measures the share of a country's GDP per capita that is devoted to household consumption, adjusted for purchasing power parity. It provides insights into a nation's economic structure and household spending patterns.
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 is a key metric used by economists to analyze a country's economic development and standard of living. It reflects the proportion of total economic output that is consumed by households rather than invested or saved.
Methodology
This data is calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
Policymakers and analysts monitor this trend to assess the health of domestic demand and the drivers of economic growth.
Key Facts
- Tanzania's consumption share of PPP-adjusted GDP per capita was 74.7% in 2021.
- This indicator has remained relatively stable in Tanzania over the past decade.
- Household consumption is a major component of Tanzania's economic activity.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of a country's GDP per capita that is devoted to household consumption, after adjusting for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: The consumption share of PPP-adjusted GDP per capita provides insights into a country's economic structure and the role of domestic demand in driving growth. It is a key metric used by economists and policymakers to assess living standards and the drivers of economic development.
Q: How is this data collected or calculated?
A: This data is calculated by the World Bank using national accounts data and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this indicator to assess the health of domestic demand and the composition of a country's economic output. It informs decisions around fiscal, monetary, and social policies aimed at promoting economic growth and improving living standards.
Q: Are there update delays or limitations?
A: This data is typically published with a 1-2 year lag due to the time required to collect and process national accounts information. Additionally, PPP conversion factors may not fully capture all regional variations in prices and consumption patterns.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Tanzania (KCPPPGTZA156NUPN), retrieved from FRED.