Share of Household Consumption at Current Purchasing Power Parities for Argentina
CSHCCPARA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.62
Year-over-Year Change
-6.77%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Household Consumption at Current Purchasing Power Parities for Argentina' measures the proportion of Argentina's total GDP that is accounted for by household consumption expenditures. This is an important economic indicator for understanding consumption patterns 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 indicator tracks the percentage of Argentina's gross domestic product (GDP) that is attributed to household consumption. It provides insights into the relative importance of consumer spending as a driver of the Argentine economy and can inform analyses of economic growth, inflation, and policies aimed at supporting household financial well-being.
Methodology
The data is calculated based on national accounts statistics collected by Argentina's national statistical agency.
Historical Context
Policymakers and analysts use this trend to assess the health of Argentina's consumer sector and its contribution to overall economic performance.
Key Facts
- Argentina's household consumption accounts for around 65% of its GDP.
- This indicator has declined slightly in recent years as Argentina has faced economic challenges.
- Consumer spending is a crucial driver of Argentina's economy, comprising the largest component of GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the proportion of Argentina's total GDP that is accounted for by household consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the relative importance of consumer spending as a driver of the Argentine economy, which is crucial for understanding economic growth, inflation, and policies aimed at supporting household financial well-being.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts statistics collected by Argentina's national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health of Argentina's consumer sector and its contribution to overall economic performance, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical publication schedule and revisions of Argentina's national accounts statistics.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Argentina (CSHCCPARA156NRUG), retrieved from FRED.