Share of Household Consumption at Current Purchasing Power Parities for Thailand
CSHCCPTHA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.53
Year-over-Year Change
-1.89%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the share of household consumption in Thailand's economy, adjusted for purchasing power parity. It provides insights into consumer spending patterns and the standard of living in the country.
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
The share of household consumption at current purchasing power parities is an important indicator of a country's economic development and the well-being of its population. It reflects the portion of total economic output that is dedicated to meeting the consumption needs of households.
Methodology
The data is calculated by the World Bank using household survey data and national accounts information.
Historical Context
This trend is widely used by economists, policymakers, and investors to assess Thailand's economic performance and consumer market potential.
Key Facts
- Thailand's household consumption accounts for over 50% of its GDP.
- The trend has increased steadily over the past two decades.
- Household spending is a key driver of Thailand's economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of household consumption in Thailand's total economic output, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: The household consumption share is an important indicator of a country's economic development and the standard of living of its population, making it relevant for economists, policymakers, and investors.
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 trend is widely used by economists and policymakers to assess Thailand's economic performance and consumer market potential, informing policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Thailand (CSHCCPTHA156NRUG), retrieved from FRED.