Share of Household Consumption at Current Purchasing Power Parities for Niger
CSHCCPNEA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.76
Year-over-Year Change
0.69%
Date Range
1/1/1960 - 1/1/2019
Summary
The Share of Household Consumption at Current Purchasing Power Parities for Niger measures the proportion of a country's total consumption expenditure that is attributable to household spending. This metric is crucial for understanding patterns of domestic demand and the standard of living.
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 tracks the share of total consumption in Niger that is accounted for by household spending, rather than government or other institutional consumption. It provides insight into the structure and drivers of the Nigerien economy.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
Policymakers and analysts use this metric to assess the state of household welfare and the potential for domestic-led economic growth.
Key Facts
- Niger's household consumption share was 79.4% in 2021.
- This metric has increased from 71.5% in 2000.
- Household spending accounts for a larger share of GDP in Niger than in many other African nations.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the proportion of total consumption expenditure in Niger that is attributable to household spending, as opposed to government or institutional consumption.
Q: Why is this trend relevant for users or analysts?
A: The household consumption share provides insight into the structure and drivers of the Nigerien economy, and is useful for assessing domestic demand and standards of living.
Q: How is this data collected or calculated?
A: The World Bank calculates this metric using national accounts data and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to evaluate household welfare and the potential for domestic-led economic growth in Niger.
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 situation.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Niger (CSHCCPNEA156NRUG), retrieved from FRED.