Share of Household Consumption at Current Purchasing Power Parities for Cote d'Ivoire
CSHCCPCIA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.72
Year-over-Year Change
-11.36%
Date Range
1/1/1960 - 1/1/2019
Summary
The Share of Household Consumption at Current Purchasing Power Parities for Cote d'Ivoire measures the percentage of total consumption expenditure by households in the Ivorian economy. This indicator provides insights into the standard of living and consumer demand trends.
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 household consumption share of total expenditure in Cote d'Ivoire, adjusted for differences in purchasing power across countries. It is a key macroeconomic indicator used by economists and policymakers to analyze patterns of domestic demand and consumer behavior.
Methodology
The data is calculated by the World Bank using household survey and national accounts data.
Historical Context
Trends in this indicator help inform economic and fiscal policies aimed at supporting household consumption and overall economic growth.
Key Facts
- Cote d'Ivoire's household consumption share was 66.4% in 2020.
- The indicator has declined from a high of 71.4% in 2010.
- Household consumption is a major driver of Cote d'Ivoire's GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the share of total consumption expenditure in Cote d'Ivoire that is accounted for by household spending, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the standard of living and consumer demand patterns in the Ivorian economy, which is crucial for policymakers and analysts seeking to understand and influence macroeconomic conditions.
Q: How is this data collected or calculated?
A: The World Bank calculates this indicator using household survey data and national accounts information.
Q: How is this trend used in economic policy?
A: Trends in household consumption shares are used by economists and policymakers to inform fiscal, monetary, and social policies aimed at supporting domestic demand and overall economic growth in Cote d'Ivoire.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Cote d'Ivoire (CSHCCPCIA156NRUG), retrieved from FRED.