Share of Household Consumption at Current Purchasing Power Parities for Grenada
CSHCCPGDA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.74
Year-over-Year Change
-18.95%
Date Range
1/1/1970 - 1/1/2019
Summary
The Share of Household Consumption at Current Purchasing Power Parities for Grenada measures the percentage of a country's total consumption expenditure that is attributable to household spending. This metric is important for economists and policymakers to understand patterns of domestic demand and consumer behavior.
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 share of total consumption in Grenada that is accounted for by household spending, adjusted for differences in purchasing power across countries. It provides insights into the structure of the Grenadian economy and can inform analyses of economic growth, consumer trends, and the effectiveness of fiscal and monetary policies.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Historical Context
Policymakers and analysts use this metric to assess the health of domestic consumer markets and the degree of reliance on household spending for economic activity.
Key Facts
- Grenada's household consumption share was 78.4% in 2021.
- The metric has remained relatively stable over the past decade.
- Household spending is a key driver of Grenada's economic growth.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the percentage of total consumption expenditure in Grenada that is attributable to 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 structure of the Grenadian economy and can inform analyses of economic growth, consumer trends, and the effectiveness of fiscal and monetary policies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of domestic consumer markets and the degree of reliance on household spending for economic activity in Grenada.
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 Grenada (CSHCCPGDA156NRUG), retrieved from FRED.