Share of Household Consumption at Current Purchasing Power Parities for Colombia
CSHCCPCOA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.66
Year-over-Year Change
-4.16%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Household Consumption at Current Purchasing Power Parities for Colombia' measures the proportion of total household consumption in Colombia relative to other countries, adjusted for differences in purchasing power.
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 economic indicator provides insights into the standard of living and consumer behavior in Colombia. It is used by policymakers and analysts to assess the country's economic development and compare its consumption patterns to other nations.
Methodology
The data is calculated by the World Bank using household survey data and purchasing power parity (PPP) exchange rates.
Historical Context
This metric is valuable for understanding Colombia's role in the global economy and informing trade, fiscal, and social policies.
Key Facts
- Colombia's household consumption accounts for over 60% of its GDP.
- Household consumption in Colombia has grown steadily over the past decade.
- Colombia's consumption patterns are influenced by its large informal economy.
FAQs
Q: What does this economic trend measure?
A: This metric measures the proportion of total household consumption in Colombia relative to other countries, adjusted for differences in purchasing power.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the standard of living and consumer behavior in Colombia, which is valuable for policymakers and analysts assessing the country's economic development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using household survey data and purchasing power parity (PPP) exchange rates.
Q: How is this trend used in economic policy?
A: This metric is used to understand Colombia's role in the global economy and inform trade, fiscal, and social policies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a potential delay of up to two years.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Colombia (CSHCCPCOA156NRUG), retrieved from FRED.