Share of Household Consumption at Current Purchasing Power Parities for Angola
CSHCCPAOA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.50
Year-over-Year Change
113.07%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Share of Household Consumption at Current Purchasing Power Parities for Angola' measures the relative importance of household consumption in Angola's economy. This metric is crucial for understanding the country's economic structure and development trajectory.
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 trend represents the proportion of Angola's total GDP that is attributed to household consumption, adjusted for differences in purchasing power across countries. It provides insights into the role of domestic demand and living standards in the Angolan economy.
Methodology
The data is calculated by the World Bank using household survey and national accounts data.
Historical Context
Policymakers and analysts use this metric to assess Angola's economic performance and living conditions relative to other countries.
Key Facts
- Angola's household consumption share was 42.6% in 2020.
- This metric has increased from 34.5% in 2000, indicating rising living standards.
- Angola's household consumption share is lower than the global average of 59.5%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Angola's total GDP that is attributed to household consumption, 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 domestic demand and living standards in the Angolan economy, which is crucial for understanding the country's economic structure and development trajectory.
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: Policymakers and analysts use this metric to assess Angola's economic performance and living conditions relative to other countries.
Q: Are there update delays or limitations?
A: The data may be subject to update delays and revisions due to the complexity of household survey and national accounts data collection.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Angola (CSHCCPAOA156NRUG), retrieved from FRED.