Share of Household Consumption at Current Purchasing Power Parities for Antigua and Barbuda
CSHCCPAGA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.81
Year-over-Year Change
5.07%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Share of Household Consumption at Current Purchasing Power Parities for Antigua and Barbuda' tracks the proportion of total consumption within the Antiguan and Barbudan economy that is attributable to household spending. This metric is important for economists and policymakers to understand trends in consumer demand and the overall structure of the national 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
This economic indicator measures the percentage of Antigua and Barbuda's total consumption expenditure that is accounted for by household consumption, adjusted for differences in purchasing power across countries. It provides insights into the role of the consumer sector and can be used to assess the standard of living and economic development of the nation.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Historical Context
Policymakers and analysts use this metric to gauge the health of the Antiguan and Barbudan consumer economy and inform economic and fiscal policies.
Key Facts
- Antigua and Barbuda's household consumption accounted for 57.4% of total consumption in 2020.
- The share of household consumption has declined from a high of 59.7% in 2017.
- Household consumption is a key driver of Antigua and Barbuda's economic growth.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of total consumption expenditure in Antigua and Barbuda that is attributable to household spending, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the role of the consumer sector in the Antiguan and Barbudan economy and can be used to assess the standard of living and economic development of the nation.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the health of the Antiguan and Barbudan consumer economy and inform economic and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Antigua and Barbuda (CSHCCPAGA156NRUG), retrieved from FRED.