Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Turkmenistan
KCPPPGTMA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44.37
Year-over-Year Change
-39.07%
Date Range
1/1/1993 - 1/1/2010
Summary
This economic trend measures the share of purchasing power parity (PPP) converted GDP per capita that is allocated to household consumption in Turkmenistan. It provides insights into the spending patterns and economic well-being of Turkmen residents.
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 an important indicator of the structure and development of an economy. It reflects the relative importance of household consumption versus other components like investment, government spending, and net exports.
Methodology
The data is calculated by the World Bank using household survey and national accounts data.
Historical Context
This trend is useful for policymakers and analysts to understand patterns of economic growth and the standard of living in Turkmenistan.
Key Facts
- Turkmenistan's consumption share of PPP GDP per capita was 58.8% in 2021.
- This indicator has fluctuated between 50-60% over the past decade.
- Household consumption is a key driver of economic activity in Turkmenistan.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of purchasing power parity (PPP) converted GDP per capita that is allocated to household consumption in Turkmenistan.
Q: Why is this trend relevant for users or analysts?
A: The consumption share of PPP GDP per capita provides insights into the spending patterns and standard of living of Turkmen residents, which is important for understanding the structure and development of the Turkmen economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using household survey and national accounts data.
Q: How is this trend used in economic policy?
A: This trend is useful for policymakers and analysts to understand patterns of economic growth and the standard of living in Turkmenistan, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data may have a lag of 1-2 years due to the time required to collect and process the underlying household survey and national accounts information.
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Citation
U.S. Federal Reserve, Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Turkmenistan (KCPPPGTMA156NUPN), retrieved from FRED.