Share of Household Consumption at Current Purchasing Power Parities for Guinea
CSHCCPGNA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.81
Year-over-Year Change
-11.87%
Date Range
1/1/1959 - 1/1/2019
Summary
This economic trend measures the share of household consumption in Guinea's total gross domestic product (GDP) at current purchasing power parities (PPPs). It provides insights into the relative importance of household spending in the country's economic activity.
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 PPPs is a key indicator of a country's economic structure and living standards. It represents the proportion of a nation's GDP that is accounted for by household final consumption expenditure, adjusted for differences in purchasing power across countries.
Methodology
The data is calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
This trend is widely used by economists and policymakers to analyze consumption patterns and living standards in developing economies.
Key Facts
- Guinea's household consumption share was 79.7% in 2020.
- The trend has remained relatively stable over the past decade.
- Household consumption is a major driver of Guinea's economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Guinea's gross domestic product (GDP) that is accounted for by household final consumption expenditure, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: The share of household consumption at current purchasing power parities (PPPs) is an important indicator of a country's economic structure and living standards, providing insights into the relative importance of household spending in the overall economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and PPP conversion factors.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists and policymakers to analyze consumption patterns and living standards in developing economies, informing policy decisions related to economic growth, income distribution, and social welfare.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a typical update delay of 1-2 years.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Guinea (CSHCCPGNA156NRUG), retrieved from FRED.