Share of Household Consumption at Current Purchasing Power Parities for Belarus
CSHCCPBYA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.55
Year-over-Year Change
-12.97%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic trend measures the share of household consumption in Belarus's gross domestic product (GDP) based on purchasing power parity (PPP) exchange rates. It provides insights into the relative importance of consumer spending in the country's overall economic activity.
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 purchasing power parities is an important indicator for understanding the structure and composition of a country's economy. It reflects the role of consumer demand in driving economic growth and can inform policy decisions related to fiscal, monetary, and social welfare measures.
Methodology
The data is calculated by the World Bank based on national accounts and PPP conversion factors.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to analyze Belarus's economic development and compare its consumption patterns with other countries.
Key Facts
- Belarus's household consumption share was 51.6% in 2021.
- This indicator has remained relatively stable over the past decade.
- Belarus's household consumption share is lower than the global average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of household consumption in Belarus's gross domestic product (GDP) based on purchasing power parity (PPP) exchange rates.
Q: Why is this trend relevant for users or analysts?
A: The share of household consumption is an important indicator for understanding the structure and composition of Belarus's economy, and it can inform policy decisions related to fiscal, monetary, and social welfare measures.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on national accounts and PPP conversion factors.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to analyze Belarus's economic development and compare its consumption patterns with other countries.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological updates of the World Bank, which may result in periodic delays or revisions.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Belarus (CSHCCPBYA156NRUG), retrieved from FRED.