Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Bermuda
KCPPPGBMA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
81.40
Year-over-Year Change
25.87%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the share of GDP per capita in Bermuda that is allocated to personal consumption expenditures. It provides insights into the spending patterns and purchasing power of Bermudian residents.
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 per capita is an important economic indicator that reflects the relative importance of consumer spending within a country's economy. It can help analysts and policymakers understand consumer behavior and assess the overall standard of living.
Methodology
The data is calculated by the World Bank using purchasing power parity (PPP) conversion factors to account for differences in price levels across countries.
Historical Context
This trend is widely used by economists, investors, and government agencies to evaluate economic performance and inform policy decisions.
Key Facts
- Bermuda's consumption share of GDP per capita was 67.8% in 2021.
- The trend has remained relatively stable over the past decade.
- Consumption share is a key indicator of a country's economic development.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of GDP per capita in Bermuda that is allocated to personal consumption expenditures, providing insights into the spending patterns of Bermudian residents.
Q: Why is this trend relevant for users or analysts?
A: The consumption share of GDP per capita is an important indicator of a country's economic performance and standard of living, as it reflects the relative importance of consumer spending within the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using purchasing power parity (PPP) conversion factors to account for differences in price levels across countries.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, investors, and government agencies to evaluate economic performance and inform policy decisions related to consumer behavior and standard of living.
Q: Are there update delays or limitations?
A: The data is updated annually and may be subject to revisions based on updated information or methodological changes.
Related Trends
Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Bhutan
KCPPPGBTA156NUPN
Investment Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Mozambique
KIPPPGMZA156NUPN
Investment Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Iceland
KIPPPGISA156NUPN
Investment Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Zambia
KIPPPGZMA156NUPN
Investment Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Federated States of Micronesia
KIPPPGFMA156NUPN
Investment Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Slovak Republic
KIPPPGSKA156NUPN
Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Bermuda (KCPPPGBMA156NUPN), retrieved from FRED.