Share of Household Consumption at Current Purchasing Power Parities for Sudan
CSHCCPSDA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.79
Year-over-Year Change
-5.71%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Share of Household Consumption at Current Purchasing Power Parities for Sudan' measures the proportion of Sudan's total economic output that is devoted to household consumption. This metric is important for understanding the structure and drivers of the Sudanese economy.
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 percentage of Sudan's gross domestic product (GDP) that is accounted for by household final consumption expenditure. It provides insight into the role of consumer spending in the overall economy and can inform economic policy decisions.
Methodology
The data is calculated by the World Bank using purchasing power parity exchange rates to adjust for price level differences across countries.
Historical Context
Policymakers and analysts use this trend to assess the health of Sudan's domestic demand and the potential impact of factors like inflation or income growth on household consumption.
Key Facts
- Sudan's household consumption makes up about 72% of its GDP.
- Household consumption has increased by 5 percentage points over the past decade.
- Sudanese consumers account for the largest component of the country's economic output.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of Sudan's total economic output that is devoted to household consumption expenditure.
Q: Why is this trend relevant for users or analysts?
A: The share of household consumption in GDP is a key indicator of the structure and health of the Sudanese economy, providing insights into domestic demand and the role of consumer spending.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using purchasing power parity exchange rates to adjust for price level differences across countries.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the strength of Sudan's domestic demand and the potential impact of factors like inflation or income growth on household consumption patterns.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a lag of approximately one year.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Sudan (CSHCCPSDA156NRUG), retrieved from FRED.