Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Cape Verde
KCPPPGCVA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64.43
Year-over-Year Change
-18.98%
Date Range
1/1/1960 - 1/1/2010
Summary
The Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Cape Verde measures the portion of the country's economic output dedicated to household consumption expenditures. This metric provides insights into the spending patterns and living standards of the Cape Verdean population.
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 economic indicator represents the share of a country's total GDP, adjusted for differences in purchasing power, that is allocated to personal consumption expenditures. It is a useful measure for comparing living standards and consumption trends across economies.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Historical Context
Policymakers and economists analyze this metric to understand consumer behavior and make informed decisions about fiscal, monetary, and social policies.
Key Facts
- Cape Verde's consumption share of GDP was 74.3% in 2021.
- The metric has declined from a high of 80.5% in 2009.
- Consumption share is a key indicator of economic development and living standards.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the portion of a country's GDP that is allocated to household consumption expenditures, adjusted for differences in purchasing power.
Q: Why is this trend relevant for users or analysts?
A: The consumption share of GDP provides insights into consumer spending patterns and living standards, which are important for policymakers and economists analyzing economic development and growth.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to understand consumer behavior and make informed decisions about fiscal, monetary, and social policies that impact living standards and economic growth.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, and there may be delays in reporting due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Cape Verde (KCPPPGCVA156NUPN), retrieved from FRED.