Share of Household Consumption at Current Purchasing Power Parities for Belize
CSHCCPBZA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.85
Year-over-Year Change
12.62%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures the share of total household consumption in Belize at current purchasing power parities. It provides insights into the relative purchasing power and consumption patterns of Belizean households.
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 economic indicator that reflects the real purchasing power and consumption levels of households in Belize. It is used by economists and policymakers to analyze consumer behavior, living standards, and the overall health of the Belizean economy.
Methodology
The data is collected and calculated by the World Bank using household survey and national accounts data.
Historical Context
This trend is relevant for understanding the Belizean consumer market and guiding economic policies aimed at improving living standards and domestic demand.
Key Facts
- Belize's household consumption share was 79.7% in 2020.
- Household consumption accounts for a significant portion of Belize's GDP.
- Trends in this indicator reflect changes in consumer behavior and living standards.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of total household consumption in Belize at current purchasing power parities, providing insights into the real purchasing power and consumption patterns of Belizean households.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the Belizean consumer market and guiding economic policies aimed at improving living standards and domestic demand.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using household survey and national accounts data.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze consumer behavior, living standards, and the overall health of the Belizean economy, informing policies aimed at improving domestic demand and economic well-being.
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 Belize (CSHCCPBZA156NRUG), retrieved from FRED.