Share of Household Consumption at Current Purchasing Power Parities for Azerbaijan
CSHCCPAZA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.56
Year-over-Year Change
49.08%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic trend measures the share of household consumption expenditure in Azerbaijan's gross domestic product (GDP) adjusted for purchasing power parity (PPP). It provides insights into the consumption patterns and standards of living in the country.
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 share of household consumption at current PPPs represents the percentage of a country's GDP that is attributed to household spending on goods and services. This metric is useful for cross-country comparisons of consumption behavior and living standards, as it accounts for differences in price levels across economies.
Methodology
The data is collected and calculated by the World Bank based on national accounts statistics.
Historical Context
This trend is valuable for policymakers and analysts assessing the state of Azerbaijan's economy and the well-being of its population.
Key Facts
- Azerbaijan's household consumption share was 51.75% in 2021.
- The trend has fluctuated between 50-55% over the past decade.
- Household consumption is a key component of Azerbaijan's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of Azerbaijan's gross domestic product (GDP) that is attributed to household consumption expenditure, adjusted for purchasing power parity (PPP).
Q: Why is this trend relevant for users or analysts?
A: The share of household consumption at current PPPs provides insights into the consumption patterns and standards of living in Azerbaijan, which is valuable for policymakers and analysts assessing the state of the country's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts statistics.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to assess the state of Azerbaijan's economy and the well-being of its population, which can inform economic policies and decisions.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, and there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Azerbaijan (CSHCCPAZA156NRUG), retrieved from FRED.