Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Serbia
KCPPPGRSA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91.39
Year-over-Year Change
1.86%
Date Range
1/1/1990 - 1/1/2010
Summary
This economic indicator measures the consumption share of Serbia's Purchasing Power Parity (PPP) converted GDP per capita at constant prices. It provides insights into consumption patterns and living standards within the Serbian economy.
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 PPP-converted GDP per capita is a key metric used by economists to analyze domestic consumption trends and compare living standards across countries. It reflects the portion of a country's economic output that is devoted to household consumption.
Methodology
The data is calculated by the World Bank using PPP exchange rates and national accounts data.
Historical Context
This trend is widely used by policymakers, international organizations, and market analysts to assess Serbia's economic development and consumer demand.
Key Facts
- Serbia's consumption share of PPP-converted GDP per capita was 78.1% in 2021.
- This metric has remained relatively stable in Serbia over the past decade.
- Consumption accounts for a larger share of GDP in Serbia compared to many other European economies.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the portion of Serbia's Purchasing Power Parity (PPP) converted GDP per capita that is devoted to household consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: The consumption share of PPP-converted GDP per capita provides insights into the living standards and consumer demand within the Serbian economy, which is valuable information for policymakers, investors, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data and PPP exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers and international organizations use this metric to assess Serbia's economic development, consumer demand, and standard of living, which can inform policy decisions and economic forecasts.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a delay of approximately one year. There may be revisions to previous years' data as new 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 Serbia (KCPPPGRSA156NUPN), retrieved from FRED.