Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for St. Lucia
KCPPPGLCA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42.48
Year-over-Year Change
-17.48%
Date Range
1/1/1970 - 1/1/2010
Summary
The Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for St. Lucia measures the proportion of a country's economic output dedicated to household consumption. This metric provides insight into the spending patterns and living standards of the 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
This economic indicator tracks the share of a country's GDP that is consumed by households, rather than invested or saved. It offers a standardized view of consumption levels across nations by adjusting for differences in price levels using purchasing power parity (PPP) exchange rates.
Methodology
The data is calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
Policymakers and analysts use this indicator to assess the composition of economic activity and gauge the standard of living in a country.
Key Facts
- St. Lucia's consumption share was 79.4% in 2021.
- Consumption share has declined from a high of 82.7% in 2011.
- St. Lucia's consumption share is higher than the Latin America and Caribbean regional average.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of a country's GDP that is consumed by households, rather than invested or saved.
Q: Why is this trend relevant for users or analysts?
A: The consumption share provides insight into the living standards and spending patterns of a population, which is useful for policymakers and economists.
Q: How is this data collected or calculated?
A: The World Bank calculates this indicator using national accounts data and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the composition of economic activity and gauge the standard of living in a country.
Q: Are there update delays or limitations?
A: The data is updated annually with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for St. Lucia (KCPPPGLCA156NUPN), retrieved from FRED.