Share of Household Consumption at Current Purchasing Power Parities for the Democratic Republic of the Congo
CSHCCPCDA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.82
Year-over-Year Change
9.00%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the share of household consumption in the Democratic Republic of the Congo's gross domestic product, adjusted for purchasing power parity. It provides insights into the structure and growth of the Congolese economy.
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 represents the proportion of a country's GDP that is spent on personal consumption by households. This metric is useful for comparing living standards and economic development across countries.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
This trend is used by economists and policymakers to analyze the Congolese economy and guide economic policies.
Key Facts
- The DRC's household consumption share was 78.1% in 2020.
- Household consumption makes up the largest component of the DRC's GDP.
- The trend has declined from a high of 84.3% in 2000.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of household consumption in the Democratic Republic of the Congo's gross domestic product, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the structure and growth of the Congolese economy, and is useful for comparing living standards and economic development across countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the Congolese economy and guide economic policies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with potential delays in data availability.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for the Democratic Republic of the Congo (CSHCCPCDA156NRUG), retrieved from FRED.