Share of Household Consumption at Current Purchasing Power Parities for Guinea-Bissau
CSHCCPGWA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.85
Year-over-Year Change
8.25%
Date Range
1/1/1960 - 1/1/2019
Summary
The Share of Household Consumption at Current Purchasing Power Parities for Guinea-Bissau measures the percentage of total consumption expenditure accounted for by private households in the country. This metric is crucial for economists and policymakers to understand patterns of economic activity and living standards.
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 share of total consumption in Guinea-Bissau that is attributed to private household spending, adjusted for differences in purchasing power across countries. It provides insights into the composition of domestic demand and the relative importance of consumer expenditure within the broader economy.
Methodology
The data is calculated by the World Bank using household survey information and national accounts data.
Historical Context
Policymakers and analysts use this metric to assess the state of the consumer economy and evaluate the effectiveness of fiscal and monetary policies.
Key Facts
- Guinea-Bissau's household consumption share was 82.7% in 2020.
- This metric has remained relatively stable over the past decade.
- Household consumption is a key driver of Guinea-Bissau's economic growth.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the percentage of total consumption expenditure in Guinea-Bissau that is accounted for by private households, 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 composition of domestic demand and the relative importance of consumer expenditure within the broader Guinean economy, which is crucial for understanding patterns of economic activity and living standards.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using household survey information and national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the state of the consumer economy and evaluate the effectiveness of fiscal and monetary policies in Guinea-Bissau.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, 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 Guinea-Bissau (CSHCCPGWA156NRUG), retrieved from FRED.