Share of Household Consumption at Current Purchasing Power Parities for Armenia
CSHCCPAMA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.76
Year-over-Year Change
-7.04%
Date Range
1/1/1990 - 1/1/2019
Summary
The Share of Household Consumption at Current Purchasing Power Parities for Armenia measures the relative importance of household consumption within the country's economy. This metric is crucial for understanding the drivers of economic growth and living standards.
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 series represents the percentage of Armenia's gross domestic product (GDP) that is attributable to household consumption expenditures. It accounts for differences in purchasing power across countries, providing a more accurate comparison of consumption patterns.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Historical Context
Policymakers use this indicator to assess the health of domestic demand and the role of consumption in economic performance.
Key Facts
- Armenia's household consumption accounted for 78.5% of its GDP in 2021.
- The share of household consumption has remained relatively stable over the past decade.
- Household consumption is a key driver of Armenia's economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of Armenia's gross domestic product (GDP) that is attributed to household consumption expenditures, adjusted for differences in purchasing power.
Q: Why is this trend relevant for users or analysts?
A: This indicator is crucial for understanding the drivers of economic growth and living standards in Armenia. It provides insights into the role of domestic demand and the composition of the country's economic output.
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 use this indicator to assess the health of domestic demand and the role of consumption in Armenia's economic performance, which can inform policy decisions related to fiscal, monetary, and social welfare programs.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, and there may be a lag 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, Share of Household Consumption at Current Purchasing Power Parities for Armenia (CSHCCPAMA156NRUG), retrieved from FRED.