Share of Household Consumption at Current Purchasing Power Parities for Mongolia
CSHCCPMNA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.57
Year-over-Year Change
33.70%
Date Range
1/1/1970 - 1/1/2019
Summary
The Share of Household Consumption at Current Purchasing Power Parities for Mongolia measures the proportion of a country's total GDP that is accounted for by household consumption. 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 share of a country's total economic output that is consumed by households. It is a key measure of living standards and can provide insights into consumer spending trends, inflation, and the overall health of the domestic economy.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Historical Context
Analysts and policymakers use this metric to assess a country's economic structure and make comparisons across nations.
Key Facts
- Mongolia's household consumption accounts for over 50% of its GDP.
- Household consumption is a larger share of GDP in developed economies compared to developing nations.
- The household consumption share has remained relatively stable in Mongolia over the past decade.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of a country's total economic output that is consumed by households. It represents the share of GDP accounted for by household spending.
Q: Why is this trend relevant for users or analysts?
A: The household consumption share is an important metric for understanding patterns of domestic demand, consumer behavior, and the overall structure of a national economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts information and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess a country's economic structure, make cross-national comparisons, and inform decisions around fiscal, monetary, and social policies.
Q: Are there update delays or limitations?
A: There may be lags of several months in the availability of the latest data, and the indicator may not fully capture the informal economy in some developing countries.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Mongolia (CSHCCPMNA156NRUG), retrieved from FRED.