Share of Household Consumption at Current Purchasing Power Parities for Montenegro
CSHCCPMEA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.59
Year-over-Year Change
-10.90%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic indicator measures the share of household consumption in Montenegro's total economy, adjusted for purchasing power parity. It provides insights into the standard of living and consumer trends within the country.
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 is an important metric for evaluating a country's economic development and consumer activity. It helps analysts understand the composition of economic output and consumption patterns across Montenegro's population.
Methodology
The data is calculated by the World Bank using household survey data and national accounts information.
Historical Context
Policymakers and economists use this indicator to assess the state of domestic demand and make informed decisions about fiscal, monetary, and social policies.
Key Facts
- Montenegro's household consumption share was 66.4% in 2021.
- The indicator has trended upward since 2010, reflecting growing domestic demand.
- Household consumption makes up a larger portion of GDP in Montenegro compared to many other Balkan nations.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the share of total economic output in Montenegro that is attributed to household consumption, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: The household consumption share provides insights into the standard of living and consumer demand within Montenegro, which is a key factor for evaluating the country's economic development and growth prospects.
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 economists analyze this indicator to assess domestic demand conditions and make informed decisions about fiscal, monetary, and social policies in Montenegro.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent figures may not reflect the current economic environment.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Montenegro (CSHCCPMEA156NRUG), retrieved from FRED.