Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Jordan
KCPPPGJOA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.81
Year-over-Year Change
9.09%
Date Range
1/1/1954 - 1/1/2010
Summary
This economic trend measures the share of Jordan's GDP per capita allocated to personal consumption, adjusted for differences in purchasing power across countries. It provides insight into the consumption patterns and living standards of the Jordanian population.
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 for evaluating a country's economic development and the relative standard of living. It helps analysts understand the allocation of national resources between investment, government spending, and private consumption.
Methodology
The data is calculated by the World Bank using household survey data and national accounts information.
Historical Context
This metric is widely used by policymakers, economists, and international organizations to assess Jordan's economic performance and guide policy decisions.
Key Facts
- Jordan's consumption share of PPP-adjusted GDP per capita was 86.3% in 2021.
- This metric has remained relatively stable in Jordan over the past decade.
- Higher consumption shares are generally associated with lower savings and investment rates.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Jordan's GDP per capita that is allocated to personal consumption, after adjusting for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: The consumption share of PPP-adjusted GDP per capita provides insights into the living standards and consumption patterns of the Jordanian population, which is useful for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using household survey data and national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and international organizations use this metric to assess Jordan's economic performance and guide policy decisions related to investment, government spending, and living standards.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Jordan (KCPPPGJOA156NUPN), retrieved from FRED.