Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Guyana
KCPPPGGYA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
82.57
Year-over-Year Change
31.54%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the consumption share of purchasing power parity-adjusted GDP per capita in Guyana, providing insights into the country's standard of living 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 purchasing power parity-converted GDP per capita is a key indicator used to analyze a country's economic development and the relative purchasing power of its citizens. It offers a more comprehensive view of living standards compared to nominal GDP per capita alone.
Methodology
The data is calculated by the World Bank using purchasing power parity conversion factors and national accounts data.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess Guyana's economic performance and inform policy decisions.
Key Facts
- Guyana's consumption share of PPP-converted GDP per capita was 78.2% in 2021.
- This metric has remained relatively stable over the past decade.
- Consumption share is a key indicator of a country's economic development and living standards.
FAQs
Q: What does this economic trend measure?
A: This trend measures the consumption share of purchasing power parity-adjusted GDP per capita in Guyana, providing insights into the country's standard of living and consumption patterns.
Q: Why is this trend relevant for users or analysts?
A: The consumption share of PPP-converted GDP per capita is a valuable indicator used by economists and policymakers to assess a country's economic development and the relative purchasing power of its citizens.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using purchasing power parity conversion factors and national accounts data.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to assess Guyana's economic performance and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some 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 Guyana (KCPPPGGYA156NUPN), retrieved from FRED.