Share of Household Consumption at Current Purchasing Power Parities for El Salvador
CSHCCPSVA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.83
Year-over-Year Change
-11.96%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Household Consumption at Current Purchasing Power Parities for El Salvador' measures the proportion of total consumption expenditure in the Salvadoran economy that is attributed to household spending. This metric is important for economists and policymakers to understand patterns of domestic demand.
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 tracks the relative weight of household consumption within El Salvador's overall expenditure on goods and services. It is calculated using purchasing power parity (PPP) adjustments to ensure cross-country comparability. The share of household consumption is a key component of GDP and a barometer of consumer confidence.
Methodology
The data is collected and calculated by the World Bank based on national accounts statistics.
Historical Context
Policymakers and analysts use this metric to assess the drivers of economic growth and the state of the Salvadoran consumer sector.
Key Facts
- El Salvador's household consumption share was 72.3% in 2021.
- Household consumption accounts for over two-thirds of GDP in El Salvador.
- The household consumption share has remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This metric measures the proportion of total consumption expenditure in the Salvadoran economy that is attributed to household spending, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: The share of household consumption is a key indicator of domestic demand and consumer confidence, which are important for understanding economic growth and the drivers of GDP in El Salvador.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts statistics for El Salvador.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of the Salvadoran consumer sector and the drivers of economic growth, which can inform fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be a delay in accessing the most recent figures.
Related Trends
Share of Merchandise Imports at Current Purchasing Power Parities for Saint Lucia
CSHMCPLCA156NRUG
Share of Merchandise Imports at Current Purchasing Power Parities for Senegal
CSHMCPSNA156NRUG
Share of Gross Capital Formation at Current Purchasing Power Parities for Lesotho
CSHICPLSA156NRUG
Share of Government Consumption at Current Purchasing Power Parities for Honduras
CSHGCPHNA156NRUG
Share of Government Consumption at Current Purchasing Power Parities for Kenya
CSHGCPKEA156NRUG
Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Pakistan
CSHRCPPKA156NRUG
Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for El Salvador (CSHCCPSVA156NRUG), retrieved from FRED.