Share of Household Consumption at Current Purchasing Power Parities for Guatemala
CSHCCPGTA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.81
Year-over-Year Change
-4.43%
Date Range
1/1/1950 - 1/1/2019
Summary
The Share of Household Consumption at Current Purchasing Power Parities for Guatemala measures the relative importance of household consumption in the country's overall 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
This economic indicator represents the portion of Guatemala's GDP that is comprised of household consumption expenditures, adjusted for differences in purchasing power between Guatemala and a reference economy.
Methodology
The data is calculated by the World Bank using household consumption and GDP figures.
Historical Context
Policymakers and analysts use this trend to assess the role of consumer demand in Guatemala's economic growth.
Key Facts
- Guatemala's household consumption accounts for over 80% of its GDP.
- The share has remained relatively stable over the past decade.
- Household spending is a key driver of economic growth in Guatemala.
FAQs
Q: What does this economic trend measure?
A: This indicator represents the portion of Guatemala's GDP that is comprised of household consumption expenditures, adjusted for differences in purchasing power between Guatemala and a reference economy.
Q: Why is this trend relevant for users or analysts?
A: The share of household consumption is a key metric for understanding the role of consumer demand in Guatemala's economic growth and development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using household consumption and GDP figures for Guatemala.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the importance of consumer spending in driving Guatemala's economic growth and to inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent figures may not reflect the current economic situation.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Guatemala (CSHCCPGTA156NRUG), retrieved from FRED.