Share of Household Consumption at Current Purchasing Power Parities for Senegal
CSHCCPSNA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.73
Year-over-Year Change
-1.82%
Date Range
1/1/1960 - 1/1/2019
Summary
The Share of Household Consumption at Current Purchasing Power Parities for Senegal measures the portion of total consumption within Senegal that is attributable to household spending. This metric is important for economists and policymakers to understand household consumption patterns and the drivers of economic activity.
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 indicator represents the share of total consumption expenditure in Senegal that is accounted for by household spending, adjusted for differences in purchasing power across countries. It provides insights into the structure of the Senegalese economy and the role of consumer demand.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity data.
Historical Context
Analysts use this metric to gauge the health of the Senegalese consumer sector and to inform macroeconomic policy decisions.
Key Facts
- Senegal's household consumption share was 57.4% in 2021.
- Household consumption is a major driver of Senegal's economic growth.
- The metric is used to compare consumption patterns across countries.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of total consumption expenditure in Senegal that is attributable to household spending, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the structure of the Senegalese economy and the role of consumer demand, which is important for economists and policymakers to understand.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity data.
Q: How is this trend used in economic policy?
A: Analysts use this metric to gauge the health of the Senegalese consumer sector and to inform macroeconomic policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a delay of up to a year in the most recent figures being available.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Senegal (CSHCCPSNA156NRUG), retrieved from FRED.