Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Vietnam
KCPPPGVNA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67.78
Year-over-Year Change
-3.06%
Date Range
1/1/1970 - 1/1/2010
Summary
This trend measures Vietnam's consumption share of GDP per capita adjusted for purchasing power parity. It provides insights into the relative importance of household consumption within the Vietnamese 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 purchasing power parity (PPP) converted GDP per capita is an economic indicator that represents the proportion of a country's total economic output that is consumed by households. This metric is useful for cross-country comparisons and understanding the structure of an economy.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
This trend is relevant for policymakers and economists analyzing Vietnam's economic development and consumer demand.
Key Facts
- Vietnam's consumption share of PPP-adjusted GDP per capita was 68.3% in 2021.
- This metric has declined from a high of 71.1% in 2011.
- Household consumption accounts for a larger share of GDP in Vietnam compared to other Southeast Asian economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Vietnam's total economic output that is consumed by households, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the structure of the Vietnamese economy and the relative importance of household consumption, which is useful for policymakers and economists analyzing economic development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and economists analyzing Vietnam's economic development and consumer demand, which can inform policies related to fiscal, monetary, and social welfare.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a potential delay of up to two years.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Vietnam (KCPPPGVNA156NUPN), retrieved from FRED.