Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Equatorial Guinea
KCPPPGGQA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.17
Year-over-Year Change
-56.33%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the share of purchasing power parity (PPP) converted GDP per capita that is allocated to private consumption in Equatorial Guinea. It provides insights into the consumption patterns and living standards within the country.
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 PPP-converted GDP per capita is an important indicator of the composition of a country's economic output and living standards. It reveals how much of the total economic resources are being directed towards private consumption versus other uses like investment, government spending, or net exports.
Methodology
The data is calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
This metric is widely used by economists and policymakers to analyze domestic demand and living conditions within Equatorial Guinea.
Key Facts
- Equatorial Guinea's consumption share of PPP-converted GDP per capita was 36.6% in 2021.
- The trend has declined from over 50% in the 1990s as the country's economy has shifted towards investment and exports.
- Equatorial Guinea has one of the lowest consumption shares among African nations, reflecting its reliance on oil and gas exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of a country's total economic output, as measured by purchasing power parity-converted GDP per capita, that is allocated to private consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: The consumption share of PPP-converted GDP per capita provides insights into the living standards and domestic demand within a country, which are important factors for economists and policymakers to understand.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to analyze the composition of a country's economic output and assess the health of domestic demand, which informs decision-making on fiscal, monetary, and other economic policies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a lag of about two years, so the most recent data point may not reflect the current economic conditions in Equatorial Guinea.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Equatorial Guinea (KCPPPGGQA156NUPN), retrieved from FRED.