Share of Household Consumption at Current Purchasing Power Parities for Italy
CSHCCPITA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.58
Year-over-Year Change
-0.19%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Household Consumption at Current Purchasing Power Parities for Italy' measures the relative size of household consumption expenditures in Italy compared to other countries. This metric is important for economists and policymakers to assess Italy's consumer demand 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 series represents the share of total household consumption expenditures in Italy, adjusted for differences in purchasing power across countries. It is a key indicator of economic well-being and consumer behavior within the Italian economy.
Methodology
The data is calculated by the OECD using national accounts statistics and purchasing power parity exchange rates.
Historical Context
Policymakers and analysts use this metric to evaluate Italy's economic performance relative to other nations and inform decisions around fiscal, monetary, and social policies.
Key Facts
- Italy's household consumption share was 60.4% in 2020.
- The metric has declined from a high of 63.4% in 2007.
- Italy's share is below the OECD average of 64.8%.
FAQs
Q: What does this economic trend measure?
A: This metric measures the relative size of household consumption expenditures in Italy compared to other countries, adjusted for differences in purchasing power.
Q: Why is this trend relevant for users or analysts?
A: This indicator is important for assessing Italy's consumer demand, living standards, and economic performance relative to other nations.
Q: How is this data collected or calculated?
A: The OECD calculates this metric using national accounts statistics and purchasing power parity exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to inform fiscal, monetary, and social policies in Italy and evaluate the country's economic standing.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture short-term fluctuations in household consumption.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Italy (CSHCCPITA156NRUG), retrieved from FRED.