Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Republic of Korea
KCPPPGKRA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.71
Year-over-Year Change
-5.72%
Date Range
1/1/1953 - 1/1/2010
Summary
This economic trend measures the consumption share of Korea's purchasing power parity (PPP) converted GDP per capita at constant prices. It provides insights into the consumption patterns and purchasing power of Korean households.
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 for evaluating a country's standard of living and economic development. It represents the portion of total economic output that is devoted to personal consumption expenditures.
Methodology
The data is calculated by the OECD using national accounts and population data.
Historical Context
This metric is closely watched by policymakers and analysts to assess the health of the Korean economy and consumer demand.
Key Facts
- Korea's consumption share of PPP-converted GDP per capita was 52.7% in 2021.
- This metric has remained relatively stable over the past decade.
- Consumption is a key driver of Korea's economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Korea's purchasing power parity (PPP) converted GDP per capita that is devoted to personal consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: The consumption share of PPP-converted GDP per capita is an important indicator of a country's standard of living and economic development, providing insights into consumer demand and spending patterns.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using national accounts and population data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this metric to assess the health of the Korean economy and consumer demand, which can inform policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some time lag in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Republic of Korea (KCPPPGKRA156NUPN), retrieved from FRED.