Share of Household Consumption at Current Purchasing Power Parities for Macao
CSHCCPMOA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.29
Year-over-Year Change
5.16%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Share of Household Consumption at Current Purchasing Power Parities for Macao' measures the relative weight of household consumption in Macao's economy compared to other countries. This metric is important for economists and policymakers to understand spending patterns and purchasing power.
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 total household consumption in Macao's gross domestic product, adjusted for differences in purchasing power across countries. It provides insights into the structure and growth of Macao's economy and can inform policy decisions.
Methodology
The data is calculated by the World Bank using household survey data and national accounts.
Historical Context
Economists and policymakers use this metric to analyze consumer behavior and the overall state of Macao's economy.
Key Facts
- Macao's share of household consumption was 49.4% in 2020.
- This metric has fluctuated between 40-50% over the past decade.
- Household consumption is a significant driver of Macao's economy.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the share of total household consumption in Macao's gross domestic product, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the structure and growth of Macao's economy, which is useful for economists and policymakers analyzing consumer behavior and economic conditions.
Q: How is this data collected or calculated?
A: The World Bank calculates this data using household survey data and national accounts.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to understand spending patterns and purchasing power in Macao, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the availability and publication schedule of the World Bank's household consumption statistics for Macao.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Macao (CSHCCPMOA156NRUG), retrieved from FRED.