Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Cameroon
KCPPPGCMA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83.07
Year-over-Year Change
8.29%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures Cameroon's consumption share of Purchasing Power Parity (PPP) converted GDP per capita at constant prices. It provides insights into the composition of Cameroon's economic output and the relative importance of household consumption.
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 indicator for analyzing the structure of a country's economy. It reveals the portion of total economic output that is devoted to private consumption, as opposed to other components like investment, government spending, or net exports.
Methodology
The data is calculated by the World Bank using PPP conversion factors and constant price GDP figures.
Historical Context
This trend is closely monitored by economists and policymakers to assess the health of domestic demand and evaluate the broader economic conditions in Cameroon.
Key Facts
- Cameroon's consumption share of PPP-converted GDP per capita was 74.3% in 2021.
- This trend has fluctuated between 70-80% over the past decade.
- Household consumption is a major driver of Cameroon's economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of Cameroon's total economic output, as measured by PPP-converted GDP per capita, that is allocated to private consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: The consumption share of PPP-converted GDP per capita is an important indicator for understanding the structure and drivers of Cameroon's economy. It provides insights into the relative importance of domestic demand versus other economic components.
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 constant price GDP figures for Cameroon.
Q: How is this trend used in economic policy?
A: Economists and policymakers in Cameroon closely monitor this trend to assess the health of domestic demand and evaluate broader economic conditions. It informs policy decisions related to fiscal, monetary, and social welfare programs.
Q: Are there update delays or limitations?
A: There may be some delay in the availability of the most recent data, as the World Bank collects and processes the underlying GDP and PPP information. Additionally, the accuracy of the trend may be affected by the reliability of the source data.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Cameroon (KCPPPGCMA156NUPN), retrieved from FRED.