Share of Household Consumption at Current Purchasing Power Parities for Bahamas
CSHCCPBSA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.57
Year-over-Year Change
-7.48%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Share of Household Consumption at Current Purchasing Power Parities for Bahamas' measures the relative portion of a country's overall consumption expenditures that is attributed to household spending. This metric is valuable for economists and policymakers to assess a nation's consumption patterns and economic welfare.
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 total consumption in the Bahamas that is accounted for by household expenditures, adjusted for differences in purchasing power across countries. It provides insight into the structure and drivers of the Bahamian economy and can inform fiscal, monetary, and social policies.
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 monitor changes in consumer behavior and make informed decisions about economic policies.
Key Facts
- The Bahamas' household consumption share was 72.7% in 2021.
- Household consumption accounts for a larger portion of GDP in the Bahamas than the global average.
- Tracking changes in the household consumption share can help identify shifts in consumer behavior and economic priorities.
FAQs
Q: What does this economic trend measure?
A: This metric measures the portion of total consumption expenditures in the Bahamas that is attributed to household spending, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the structure and drivers of the Bahamian economy, which can inform fiscal, monetary, and social policies.
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 monitor changes in consumer behavior and make informed decisions about economic policies in the Bahamas.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with potential delays in the most recent year's release.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Bahamas (CSHCCPBSA156NRUG), retrieved from FRED.