Share of Household Consumption at Current Purchasing Power Parities for United Kingdom
CSHCCPGBA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.61
Year-over-Year Change
-9.03%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the share of total household consumption in the United Kingdom at current purchasing power parities. It provides insight into the relative purchasing power and consumption patterns of UK households.
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 is an important economic indicator that reflects the real purchasing power and consumption behavior of households in a country. It is used by economists and policymakers to analyze consumption trends and make comparisons across countries.
Methodology
The data is calculated by the OECD based on national accounts and price level information.
Historical Context
This trend is relevant for understanding consumer demand, inflation, and the overall health of the UK economy.
Key Facts
- The UK's share of household consumption at current PPPs was 57.7% in 2021.
- Household consumption accounts for over half of the UK's GDP.
- Tracking consumption shares helps assess standards of living and inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of total household consumption in the United Kingdom at current purchasing power parities (PPPs).
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the real purchasing power and consumption patterns of UK households, which is important for understanding consumer demand, inflation, and the overall health of the UK economy.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD based on national accounts and price level information.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to analyze consumption trends and make comparisons across countries, which informs decision-making on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for United Kingdom (CSHCCPGBA156NRUG), retrieved from FRED.