Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Bahamas
KCPPPGBSA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66.42
Year-over-Year Change
0.17%
Date Range
1/1/1970 - 1/1/2010
Summary
This trend measures the share of purchasing power parity (PPP) converted GDP per capita that is attributed to consumption in the Bahamas. It provides insights into the spending behavior and standards of living within the country.
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 an important economic indicator that shows the proportion of a country's total economic output that is devoted to household consumption. This metric helps analysts understand the balance between consumption, investment, and other components of GDP.
Methodology
The data is calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
Policymakers and economists use this indicator to assess economic performance and household welfare within the Bahamas.
Key Facts
- The Bahamas' consumption share of PPP-converted GDP was 78.1% in 2021.
- This metric has remained relatively stable over the past decade.
- High consumption shares can indicate strong domestic demand but also potential imbalances.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of a country's total economic output, as measured by purchasing power parity-converted GDP per capita, that is attributed to household consumption.
Q: Why is this trend relevant for users or analysts?
A: The consumption share of PPP-converted GDP per capita provides insights into the spending patterns and standards of living within a country, which is crucial for policymakers and economists analyzing economic performance and household welfare.
Q: How is this data collected or calculated?
A: The World Bank calculates this indicator using national accounts data and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the balance between consumption, investment, and other components of GDP, which informs economic and social policies aimed at promoting sustainable growth and improving living standards.
Q: Are there update delays or limitations?
A: The data is typically published with a lag, and the accuracy may be affected by the quality of underlying national accounts and PPP data.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Bahamas (KCPPPGBSA156NUPN), retrieved from FRED.