Share of Household Consumption at Current Purchasing Power Parities for Mali
CSHCCPMLA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.76
Year-over-Year Change
4.29%
Date Range
1/1/1960 - 1/1/2019
Summary
The Share of Household Consumption at Current Purchasing Power Parities for Mali measures the proportion of total consumption expenditure by Malian households. This data point is crucial for economists and policymakers to understand patterns of domestic demand and consumer behavior in the Malian economy.
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 indicator represents the share of total consumption expenditure accounted for by Malian households, adjusted for differences in purchasing power between Mali and other countries. It provides insight into the structure and relative importance of household consumption as a component of GDP.
Methodology
The data is calculated by the World Bank using household survey data and cross-country price comparisons.
Historical Context
Economists use this metric to assess the role of domestic consumption in Mali's economic growth and development.
Key Facts
- Mali's household consumption accounts for over 80% of GDP.
- Household spending has grown steadily in Mali over the past decade.
- Malian consumers are an important driver of the country's economic activity.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the share of total consumption expenditure accounted for by Malian households, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the structure and relative importance of household consumption as a component of GDP in Mali, which is crucial for understanding patterns of domestic demand and consumer behavior.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using household survey data and cross-country price comparisons.
Q: How is this trend used in economic policy?
A: Economists use this metric to assess the role of domestic consumption in Mali's economic growth and development, which is relevant for policymakers aiming to stimulate or manage consumer demand.
Q: Are there update delays or limitations?
A: The data may be subject to delays in collection and publication by the World Bank, and it may not fully capture informal or subsistence-based consumption activities in Mali.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Mali (CSHCCPMLA156NRUG), retrieved from FRED.