Share of Household Consumption at Current Purchasing Power Parities for Suriname
CSHCCPSRA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.35
Year-over-Year Change
-20.11%
Date Range
1/1/1970 - 1/1/2019
Summary
The Share of Household Consumption at Current Purchasing Power Parities for Suriname measures the percentage of Suriname's total GDP that is attributed to household consumption. This indicator provides insights into the composition of Suriname's economy and consumer spending patterns.
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 trend represents the share of total GDP in Suriname that is attributed to household consumption expenditures. Economists use this metric to analyze the relative importance of consumer demand in driving economic growth and the overall structure of the Surinamese economy.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Historical Context
Policymakers and analysts monitor this trend to understand consumer behavior and its implications for economic and fiscal policies in Suriname.
Key Facts
- Suriname's household consumption share averaged 58% of GDP from 2010-2020.
- Household consumption is a major driver of Suriname's economic activity.
- The trend has fluctuated between 55-60% of GDP over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of Suriname's total GDP that is attributed to household consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the composition of Suriname's economy and the relative importance of consumer demand as a driver of economic growth.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to understand consumer behavior and its implications for economic and fiscal policies in Suriname.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, so there may be a lag of up to a year in the most recent figures.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Suriname (CSHCCPSRA156NRUG), retrieved from FRED.