Share of Household Consumption at Current Purchasing Power Parities for Islamic Republic of Iran
CSHCCPIRA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.44
Year-over-Year Change
-5.31%
Date Range
1/1/1955 - 1/1/2019
Summary
This economic trend measures the share of household consumption in Iran's economy based on purchasing power parity adjustments. It provides insights into consumer demand and living standards relative to other countries.
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 purchasing power parities (PPP) for Iran represents the proportion of the country's total economic output that is attributed to household spending. This metric adjusts for differences in purchasing power across countries to enable more accurate international comparisons.
Methodology
The data is calculated by the World Bank using household survey information and national accounts data.
Historical Context
This indicator is useful for economists and policymakers to assess Iran's consumer-driven economic activity and living standards relative to global benchmarks.
Key Facts
- Iran's household consumption share was 51.5% in 2021.
- This metric has declined from over 60% in the early 2000s.
- Iran ranks below global averages on this indicator of consumer-driven economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Iran's total economic output that is attributed to household consumption, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into consumer demand and living standards in Iran relative to other nations, which is valuable for economists and policymakers assessing the country's economic activity and development.
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: This metric is used by economists and policymakers to assess Iran's consumer-driven economic activity and living standards in comparison to global benchmarks, which can inform economic and social policies.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of household survey and national accounts information from Iran, which may result in occasional update delays.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Islamic Republic of Iran (CSHCCPIRA156NRUG), retrieved from FRED.