Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Bolivia
KCPPPGBOA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
78.64
Year-over-Year Change
-5.02%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the proportion of Bolivia's GDP per capita at constant prices that is allocated to household consumption. Understanding consumption patterns is crucial for policymakers and economists analyzing economic growth and development.
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 Purchasing Power Parity Converted GDP Per Capita at constant prices for Bolivia represents the percentage of the country's total economic output that is devoted to household consumption. This metric provides insight into consumer behavior and living standards in the Bolivian economy.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
This trend is widely used by economists and policymakers to assess the health and trajectory of the Bolivian economy.
Key Facts
- Bolivia's consumption share averaged 77% from 2010-2020.
- Consumption accounts for a larger portion of GDP in Bolivia than the global average.
- Bolivian consumption share has declined slightly in recent years as investment has increased.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Bolivia's GDP per capita at constant prices that is allocated to household consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: Understanding Bolivia's consumption patterns provides important insights into consumer behavior, living standards, and the overall health of the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to analyze consumer demand, evaluate growth potential, and inform macroeconomic policies in Bolivia.
Q: Are there update delays or limitations?
A: This data is published annually by the World Bank with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Bolivia (KCPPPGBOA156NUPN), retrieved from FRED.