Share of Household Consumption at Current Purchasing Power Parities for Maldives
CSHCCPMVA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.41
Year-over-Year Change
105.01%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Share of Household Consumption at Current Purchasing Power Parities for Maldives' measures the proportion of total consumption expenditure attributed to households in Maldives, adjusted for differences in purchasing power across countries.
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 provides insights into the structure of consumption in Maldives' economy, which is relevant for policymakers and analysts examining trends in consumer demand, living standards, and the overall economic performance of the country.
Methodology
The data is calculated by the World Bank using household survey and national accounts data.
Historical Context
This metric is widely used by economists and international institutions to compare consumption patterns across countries.
Key Facts
- Maldives' household consumption accounted for 75.3% of total consumption in 2020.
- Household consumption as a share of GDP in Maldives was 49.4% in 2020.
- Maldives' household consumption has grown by an average of 4.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of total consumption expenditure in Maldives that is attributed to household spending, 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 of consumption in Maldives' economy, which is important for understanding consumer demand, living standards, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using household survey and national accounts data.
Q: How is this trend used in economic policy?
A: This indicator is widely used by economists and international institutions to compare consumption patterns and living standards across countries, which informs policymaking and economic analysis.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with some delay in availability due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Maldives (CSHCCPMVA156NRUG), retrieved from FRED.