Share of Household Consumption at Current Purchasing Power Parities for Honduras
CSHCCPHNA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.80
Year-over-Year Change
5.52%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Household Consumption at Current Purchasing Power Parities for Honduras' measures the percentage of total consumption in Honduras that comes from household spending. This data point is important for economists and policymakers to understand trends in consumer demand and allocation of resources.
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 series represents the share of total consumption in Honduras that is attributed to household spending, adjusted for differences in purchasing power across countries. It provides insight into the consumption patterns and standards of living within the Honduran economy.
Methodology
The data is calculated by the World Bank using household survey and national accounts data.
Historical Context
Policymakers and analysts use this trend to assess the relative strength of domestic consumer demand in Honduras compared to other economic factors.
Key Facts
- Honduras household consumption accounts for over 70% of total consumption.
- The share of household consumption has remained relatively stable over the past decade.
- Honduran household consumption is a larger proportion of total consumption compared to the Latin American regional average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of total consumption in Honduras that is attributed to household spending, adjusting for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into the relative strength of domestic consumer demand in Honduras, which is an important indicator for economists and policymakers assessing the Honduran economy.
Q: How is this data collected or calculated?
A: The World Bank calculates this series using household survey data and national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the role of consumer spending in the Honduran economy and make informed decisions about fiscal, monetary, and trade policies.
Q: Are there update delays or limitations?
A: This data is published annually by the World Bank, so there may be a 1-year delay in the most recent information being available.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Honduras (CSHCCPHNA156NRUG), retrieved from FRED.