Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Brunei
KCPPPGBNA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.39
Year-over-Year Change
9.67%
Date Range
1/1/1970 - 1/1/2010
Summary
The Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Brunei measures the portion of Brunei's economic output dedicated to personal consumption expenditures. This metric is important for understanding Brunei's economic structure and consumer behavior.
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
This series represents the percentage of Brunei's Gross Domestic Product that is allocated to personal consumption expenditures, adjusted for differences in purchasing power across countries. It provides insight into the consumption patterns and living standards within Brunei's economy.
Methodology
The data is calculated by the World Bank using purchasing power parity (PPP) conversion factors and national accounts data.
Historical Context
Policymakers and analysts use this metric to assess Brunei's economic development, consumer demand, and the sustainability of its growth model.
Key Facts
- Brunei's consumption share averaged 23.4% from 1980 to 2021.
- The consumption share reached a high of 27.4% in 1985 and a low of 19.2% in 2015.
- Brunei has one of the lowest consumption shares among high-income economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the portion of Brunei's Gross Domestic Product that is allocated to personal consumption expenditures, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Brunei's economic structure, consumer behavior, and living standards, which is important for understanding the country's economic development and growth model.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using purchasing power parity (PPP) conversion factors and national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Brunei's economic development, consumer demand, and the sustainability of its growth model.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national accounts information provided by Brunei's statistical agencies.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Brunei (KCPPPGBNA156NUPN), retrieved from FRED.