Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Gabon
KCPPPGGAA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.11
Year-over-Year Change
13.18%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the consumption share of purchasing power parity (PPP) converted GDP per capita in Gabon at constant prices. It provides insights into the composition of Gabon's economic output and consumption patterns.
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 evaluating the structure and development of an economy. It reflects the proportion of a country's economic output that is dedicated to household consumption versus other uses like investment or government expenditure.
Methodology
The data is calculated by the World Bank using GDP and household consumption figures.
Historical Context
This trend is useful for policymakers and analysts examining Gabon's economic performance and living standards.
Key Facts
- Gabon's consumption share of PPP-converted GDP per capita was 43.6% in 2021.
- This metric has remained relatively stable in Gabon over the past decade.
- Household consumption accounts for a smaller portion of GDP in Gabon compared to many other developing economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of Gabon's PPP-converted GDP per capita that is dedicated to household consumption, providing insights into the structure of the country's economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating Gabon's economic development and living standards, as it reflects the proportion of output used for private consumption versus other economic activities.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using GDP and household consumption figures for Gabon.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Gabon's economic performance and living standards, which can inform policy decisions related to economic growth, income distribution, and household welfare.
Q: Are there update delays or limitations?
A: There may be some delay in the availability of the most recent data, as it relies on figures reported by the Gabonese government and compiled by the World Bank.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Gabon (KCPPPGGAA156NUPN), retrieved from FRED.