Share of Household Consumption at Current Purchasing Power Parities for Togo
CSHCCPTGA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.77
Year-over-Year Change
-6.84%
Date Range
1/1/1960 - 1/1/2019
Summary
The 'Share of Household Consumption at Current Purchasing Power Parities for Togo' measures the percentage of a country's total consumption expenditure that is attributed to household spending. This metric is important for economists and policymakers to assess the health and composition of a nation's 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 tracks the proportion of a country's total consumption that is attributed to private households. It provides insights into consumer behavior, standard of living, and the relative contribution of household spending to overall economic activity.
Methodology
The data is calculated by the World Bank using household survey data and national accounts information.
Historical Context
This metric is widely used by economists, market analysts, and policymakers to evaluate economic performance and consumer trends.
Key Facts
- Togo's household consumption share was 75.3% in 2020.
- Household spending accounts for the largest component of Togo's GDP.
- Togo's household consumption share has declined from 81.1% in 2010.
FAQs
Q: What does this economic trend measure?
A: This metric measures the percentage of a country's total consumption expenditure that is attributed to household spending.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into consumer behavior, standard of living, and the relative contribution of household spending to overall economic activity, which is crucial for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using household survey data and national accounts information.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, market analysts, and policymakers to evaluate economic performance and consumer trends, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of household survey and national accounts information provided by the individual countries.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Togo (CSHCCPTGA156NRUG), retrieved from FRED.