Share of Household Consumption at Current Purchasing Power Parities for Philippines
CSHCCPPHA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.77
Year-over-Year Change
7.10%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Household Consumption at Current Purchasing Power Parities for Philippines' measures the relative importance of household consumption within the Philippine economy. This metric is a key indicator for evaluating economic development and living standards.
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 trend represents the proportion of total Philippine economic output that is attributed to household consumption, adjusted for differences in purchasing power between the Philippines and the global average. It is a valuable statistic for comparing consumption patterns and living standards across countries.
Methodology
The data is calculated by the World Bank using household survey data and national accounts information.
Historical Context
Policymakers and analysts use this metric to assess the state of the Philippine economy and consumer sector.
Key Facts
- The Philippines' household consumption share was 73.4% in 2021.
- Household consumption is a major driver of Philippine GDP growth.
- This metric has declined from over 75% in the early 2000s.
FAQs
Q: What does this economic trend measure?
A: This metric measures the proportion of total Philippine economic output that is attributed to household consumption, adjusted for differences in purchasing power between the Philippines and the global average.
Q: Why is this trend relevant for users or analysts?
A: The household consumption share is a key indicator for evaluating economic development and living standards in the Philippines, as it reflects the relative importance of consumer spending within the overall economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using household survey data and national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the state of the Philippine consumer sector and broader economic development.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent year may not be the current year.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Philippines (CSHCCPPHA156NRUG), retrieved from FRED.