Share of Household Consumption at Current Purchasing Power Parities for Slovakia
CSHCCPSKA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.58
Year-over-Year Change
3.49%
Date Range
1/1/1990 - 1/1/2019
Summary
The Share of Household Consumption at Current Purchasing Power Parities for Slovakia measures the proportion of a country's total GDP that is accounted for by household spending. This metric is crucial for understanding patterns of economic activity and consumer behavior.
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 Slovakia's gross domestic product (GDP) that is attributable to household consumption expenditures. It provides insights into the structure and drivers of the Slovakian economy, which is valuable for policymakers, analysts, and investors.
Methodology
The data is calculated by the OECD using purchasing power parity (PPP) exchange rates to adjust for price level differences across countries.
Historical Context
Policymakers use this indicator to assess the health of domestic demand and guide fiscal and monetary policies.
Key Facts
- Slovakia's household consumption accounts for over 50% of its GDP.
- The share of household consumption has remained relatively stable in recent years.
- Household spending is a key driver of economic growth in Slovakia.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of Slovakia's gross domestic product (GDP) that is attributable to household consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the structure and drivers of the Slovakian economy, which is valuable for policymakers, analysts, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using purchasing power parity (PPP) exchange rates to adjust for price level differences across countries.
Q: How is this trend used in economic policy?
A: Policymakers use this indicator to assess the health of domestic demand and guide fiscal and monetary policies in Slovakia.
Q: Are there update delays or limitations?
A: The data is published by the OECD with some delay, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Slovakia (CSHCCPSKA156NRUG), retrieved from FRED.