Share of Household Consumption at Current Purchasing Power Parities for Pakistan
CSHCCPPKA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.84
Year-over-Year Change
9.02%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Household Consumption at Current Purchasing Power Parities for Pakistan' measures the portion of Pakistan's gross domestic product (GDP) that is attributed to household consumption. This metric is important for economists and policymakers to understand consumption patterns and living standards in the country.
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 GDP in Pakistan that is accounted for by household final consumption expenditure. It is a useful measure of the relative importance of consumer spending to the overall economy, and can inform analyses of economic growth, consumer behavior, and standards of living.
Methodology
The data is calculated by the World Bank using purchasing power parity (PPP) exchange rates.
Historical Context
This trend is widely used by economists, analysts, and policymakers to assess the health and composition of Pakistan's economy.
Key Facts
- Household consumption accounted for 82.7% of Pakistan's GDP in 2020.
- Pakistan's household consumption share has remained between 80-85% of GDP since 2010.
- Consumer spending is a key driver of economic growth in Pakistan.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of Pakistan's gross domestic product (GDP) that is attributed to household final consumption expenditure.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the composition and health of Pakistan's economy, as well as consumer spending patterns and living standards in the country.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using purchasing power parity (PPP) exchange rates.
Q: How is this trend used in economic policy?
A: Economists, analysts, and policymakers use this indicator to assess the drivers of economic growth, consumer behavior, and living standards in Pakistan.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a 1-2 year delay in the most recent figures.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Pakistan (CSHCCPPKA156NRUG), retrieved from FRED.