Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for the Gambia
KCPPPGGMA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83.82
Year-over-Year Change
-9.69%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the proportion of GDP per capita in the Gambia that is attributed to personal consumption expenditures. It provides insight into the spending habits and living standards of Gambian 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 purchasing power parity (PPP) converted GDP per capita is an important indicator of economic development and the standard of living in a country. It represents the percentage of total economic output that is devoted to private consumption rather than investment, government spending, or net exports.
Methodology
The data is calculated by the World Bank using household survey data and national accounts information.
Historical Context
Policymakers and economists use this metric to assess the drivers of economic growth and gauge the purchasing power of Gambian consumers.
Key Facts
- The Gambia's consumption share of GDP was 79.2% in 2021.
- Consumption accounts for a larger share of GDP in the Gambia compared to many other African countries.
- The consumption share has remained relatively stable in the Gambia over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric measures the proportion of total GDP per capita in the Gambia that is attributed to personal consumption expenditures by households.
Q: Why is this trend relevant for users or analysts?
A: The consumption share of GDP provides insight into the spending patterns and living standards of the Gambian population, which is useful for policymakers and economists analyzing the drivers of economic growth.
Q: How is this data collected or calculated?
A: The World Bank calculates this indicator using household survey data and national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the composition of GDP and the purchasing power of Gambian consumers, which can inform decisions about fiscal, monetary, and social policies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a delay of up to two years in the most recent observations being available.
Related Trends
Investment Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Djibouti
KIPPPGDJA156NUPN
Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Niger
KGPPPGNEA156NUPN
Investment Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Oman
KIPPPGOMA156NUPN
Investment Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Cuba
KIPPPGCUA156NUPN
Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Togo
KCPPPGTGA156NUPN
Investment Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Mongolia
KIPPPGMNA156NUPN
Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for the Gambia (KCPPPGGMA156NUPN), retrieved from FRED.