Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Papua New Guinea
KCPPPGPGA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91.26
Year-over-Year Change
47.21%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic indicator measures the proportion of Papua New Guinea's GDP per capita that is allocated to personal consumption expenditures. It provides insights into the spending patterns and purchasing power of the country's 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 metric for evaluating the standard of living and economic development in Papua New Guinea. It reflects the relative importance of consumer spending versus other components like investment, government expenditure, and net exports.
Methodology
The data is calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
This trend is closely monitored by policymakers and economists to assess the health of Papua New Guinea's domestic economy and consumer demand.
Key Facts
- Papua New Guinea's consumption share was 72.7% in 2021.
- Consumption share has remained relatively stable over the past decade.
- The indicator is an important gauge of household purchasing power and economic well-being.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of Papua New Guinea's GDP per capita that is allocated to personal consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: The consumption share of GDP per capita provides insights into the standard of living and spending patterns of Papua New Guinea's population, which is valuable information for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: This indicator is closely monitored by policymakers and economists to assess the health of Papua New Guinea's domestic economy and consumer demand, which can inform fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, and there may be a delay of several months between the end of the reference year and the release of the updated figures.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Papua New Guinea (KCPPPGPGA156NUPN), retrieved from FRED.