Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Georgia
KCPPPGGEA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
85.81
Year-over-Year Change
-6.11%
Date Range
1/1/1993 - 1/1/2010
Summary
The Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Georgia measures the proportion of a country's economic output that is devoted to personal consumption expenditures. This statistic is important for understanding consumer-driven economic growth.
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 series represents the ratio of household final consumption expenditure to GDP on a purchasing power parity basis, providing insights into the consumption patterns and living standards of a country's population. Economists use this data to analyze the drivers of economic activity and make policy recommendations.
Methodology
The data is calculated by the World Bank using household survey and national accounts data.
Historical Context
Policymakers and analysts monitor this metric to gauge the health of domestic demand and assess the sustainability of economic growth.
Key Facts
- Georgia's consumption share was 72.3% in 2020.
- This metric has remained relatively stable over the past decade.
- Consumption share is typically higher in developing economies.
FAQs
Q: What does this economic trend measure?
A: This metric measures the proportion of a country's economic output that is devoted to personal consumption expenditures, providing insights into consumer spending patterns.
Q: Why is this trend relevant for users or analysts?
A: Monitoring the consumption share of GDP is important for understanding the drivers of economic growth and the living standards of a country's population.
Q: How is this data collected or calculated?
A: The World Bank calculates this metric using household survey and national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the health of domestic demand and assess the sustainability of economic growth.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be a lag of 1-2 years in the most recent figures.
Related Trends
Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Denmark
KGPPPGDKA156NUPN
Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Niger
KCPPPGNEA156NUPN
Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for the Gambia
KCPPPGGMA156NUPN
Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Dominican Republic
KCPPPGDOA156NUPN
Investment Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Benin
KIPPPGBJA156NUPN
Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Bolivia
KGPPPGBOA156NUPN
Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Georgia (KCPPPGGEA156NUPN), retrieved from FRED.