Share of Household Consumption at Current Purchasing Power Parities for Jamaica
CSHCCPJMA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.83
Year-over-Year Change
-0.84%
Date Range
1/1/1953 - 1/1/2019
Summary
The Share of Household Consumption at Current Purchasing Power Parities for Jamaica measures the proportion of a country's total consumption expenditure that is attributable to household spending. This metric is important for economists and policymakers to understand patterns of domestic demand and consumer behavior.
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 relative size of household consumption within Jamaica's overall economy, adjusted for differences in purchasing power across countries. It is a valuable tool for cross-country comparisons and analysis of economic development and consumer trends.
Methodology
The data is calculated by the World Bank using household survey data and national accounts information.
Historical Context
Policymakers use this metric to inform decisions around fiscal, monetary, and social policies that impact household consumption and the broader economy.
Key Facts
- Jamaica's household consumption was 78.1% of total GDP in 2020.
- This metric has remained relatively stable in Jamaica over the past decade.
- Household consumption is a key driver of economic growth in developing countries.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the share of total consumption expenditure in Jamaica that is attributable to household spending, adjusted for differences in purchasing power.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into patterns of domestic demand and consumer behavior, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The World Bank calculates this indicator using household survey data and national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to inform decisions around fiscal, monetary, and social policies that impact household consumption and the broader economy.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Jamaica (CSHCCPJMA156NRUG), retrieved from FRED.