Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Burkina Faso
KCPPPGBFA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
79.48
Year-over-Year Change
6.66%
Date Range
1/1/1959 - 1/1/2010
Summary
This economic trend measures the consumption share of purchasing power parity converted GDP per capita for Burkina Faso at constant prices. It provides insights into the country's economic structure and consumer 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 GDP represents the proportion of a country's economic output that is dedicated to household consumption. This metric is useful for analyzing the role of consumer spending in a nation's economic growth and development.
Methodology
The data is calculated by the World Bank using purchasing power parity and constant price GDP figures.
Historical Context
Policymakers and economists use this trend to assess Burkina Faso's economic policies and their impact on consumer behavior.
Key Facts
- Burkina Faso's consumption share of GDP was 79.4% in 2020.
- The consumption share has remained relatively stable over the past decade.
- Consumer spending is a significant driver of Burkina Faso's economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Burkina Faso's total economic output that is dedicated to household consumption, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: The consumption share of GDP provides insights into the structure of Burkina Faso's economy and the role of consumer spending in its economic growth and development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using purchasing power parity and constant price GDP figures for Burkina Faso.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess Burkina Faso's economic policies and their impact on consumer behavior, which is a key driver of the country's economic activity.
Q: Are there update delays or limitations?
A: The data is updated 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 Burkina Faso (KCPPPGBFA156NUPN), retrieved from FRED.