Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Australia
KCPPPGAUA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65.79
Year-over-Year Change
3.42%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic indicator measures the share of total GDP per capita in Australia that is allocated to personal consumption expenditures, adjusted for purchasing power parity (PPP).
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 a key metric for analyzing the composition of economic output and household spending patterns in a country. It provides insights into standards of living and the role of consumption in driving overall economic growth.
Methodology
The data is calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
This trend is widely referenced by economists, policymakers, and market analysts to assess consumer demand and the sustainability of economic expansion.
Key Facts
- Australia's consumption share of PPP-converted GDP was 54.6% in 2021.
- This indicator has remained relatively stable over the past decade.
- Consumption is a major driver of Australia's economic growth.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of a country's total economic output, adjusted for purchasing power parity, that is allocated to personal 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 living standards, consumer demand, and the composition of economic activity in a country.
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: Economists and policymakers use this indicator to assess the sustainability of economic growth, the strength of domestic demand, and the effectiveness of policies aimed at boosting household consumption.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately one year, and may be subject to periodic revisions by the World Bank.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Australia (KCPPPGAUA156NUPN), retrieved from FRED.