Share of Household Consumption at Current Purchasing Power Parities for Finland
CSHCCPFIA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.54
Year-over-Year Change
14.58%
Date Range
1/1/1950 - 1/1/2019
Summary
The Share of Household Consumption at Current Purchasing Power Parities for Finland measures the proportion of Finland's total consumption expenditures accounted for by household spending. This metric is important for economists and policymakers to understand trends in consumer demand and the overall structure of the Finnish 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
This economic indicator tracks the percentage of Finland's total consumption expenditures that are attributed to household spending, adjusting for differences in purchasing power between countries. It provides insights into the relative size and role of the consumer sector within the broader Finnish economy.
Methodology
The data is collected and calculated by the OECD using purchasing power parity exchange rates.
Historical Context
Policymakers and analysts use this metric to assess the health and composition of domestic demand in Finland.
Key Facts
- Finland's household consumption accounted for 53.6% of total consumption in 2021.
- The share of household consumption has remained relatively stable over the past decade.
- Household consumption is a key driver of economic growth in Finland.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Finland's total consumption expenditures that are attributed to household spending, adjusting for differences in purchasing power between countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the relative size and role of the consumer sector within the broader Finnish economy, which is important for understanding trends in domestic demand and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the OECD using purchasing power parity exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and composition of domestic demand in Finland, which informs economic policies and forecasts.
Q: Are there update delays or limitations?
A: The data is updated annually by the OECD, so there may be a delay of several months before the most recent figures are available.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Finland (CSHCCPFIA156NRUG), retrieved from FRED.