Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Estonia
KCPPPGEEA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66.24
Year-over-Year Change
-5.29%
Date Range
1/1/1990 - 1/1/2010
Summary
This economic trend measures the share of GDP per capita converted using purchasing power parity that is devoted to consumption in Estonia. It provides insights into the spending patterns and living standards of Estonian households.
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 of a country's economic development and the standard of living. It reflects the portion of national output that is dedicated to private consumption rather than investment or government spending.
Methodology
The data is calculated by the World Bank using GDP figures and purchasing power parity exchange rates.
Historical Context
This trend is closely watched by economists and policymakers to assess the health of the Estonian economy and consumer demand.
Key Facts
- Estonia's consumption share of PPP-converted GDP per capita was 54.6% in 2021.
- The trend has fluctuated between 52-55% over the past decade.
- Consumption makes up a larger share of GDP in Estonia compared to other Baltic states.
FAQs
Q: What does this economic trend measure?
A: This trend measures the portion of Estonia's GDP per capita (after adjusting for purchasing power parity) that is devoted to private consumption expenditures.
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 living standards of Estonian households, which is crucial for understanding the overall health of the Estonian economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using GDP figures and purchasing power parity exchange rates.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this trend to assess consumer demand, living standards, and the overall state of the Estonian economy, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be a delay in accessing the most recent figures.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Estonia (KCPPPGEEA156NUPN), retrieved from FRED.