Share of Household Consumption at Current Purchasing Power Parities for Dominica
CSHCCPDMA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.90
Year-over-Year Change
-9.89%
Date Range
1/1/1970 - 1/1/2019
Summary
The Share of Household Consumption at Current Purchasing Power Parities for Dominica measures the relative importance of household consumption within the country's economy. This metric is useful for economists and policymakers in assessing economic development and living standards.
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 indicator represents the portion of Dominica's gross domestic product (GDP) that is attributable to household consumption expenditures. It provides insights into the structure and composition of the country's economy and can inform policy decisions related to consumer demand, inflation, and living standards.
Methodology
The data is calculated by the World Bank using household consumption and GDP figures.
Historical Context
Policymakers use this metric to gauge the health of domestic demand and design appropriate fiscal and monetary policies.
Key Facts
- Dominica's household consumption accounted for 78.4% of its GDP in 2021.
- The share of household consumption has remained relatively stable over the past decade.
- Household consumption is a key driver of Dominica's economic growth.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the share of Dominica's gross domestic product (GDP) that is attributable to household consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the structure and composition of Dominica's economy, which is useful for economists and policymakers in assessing economic development and living standards.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using household consumption and GDP figures.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to gauge the health of domestic demand and design appropriate fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is subject to the availability and release schedule of the World Bank's reporting.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Dominica (CSHCCPDMA156NRUG), retrieved from FRED.