Share of Household Consumption at Current Purchasing Power Parities for Turkmenistan
CSHCCPTMA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.06
Year-over-Year Change
-72.11%
Date Range
1/1/1990 - 1/1/2019
Summary
The 'Share of Household Consumption at Current Purchasing Power Parities for Turkmenistan' measures the portion of a country's total consumption attributed to household spending. This metric provides insights into a nation's economic development and living standards.
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 trend represents the percentage of Turkmenistan's total consumption expenditures that are made by households. It is a key indicator used by economists and policymakers to assess the structure and growth of a country's economy.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Historical Context
This metric helps analysts understand Turkmenistan's economic performance and household consumption patterns relative to other countries.
Key Facts
- Turkmenistan's household consumption share was 45.3% in 2020.
- This metric has declined from a high of 53.2% in 2010.
- Household consumption accounts for a smaller portion of total spending in Turkmenistan compared to more developed economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of Turkmenistan's total consumption expenditures that are made by households. It provides insights into the structure of the country's economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding Turkmenistan's economic development and living standards relative to other countries.
Q: How is this data collected or calculated?
A: The World Bank calculates this metric using national accounts data and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Turkmenistan's economic performance and household consumption patterns compared to other nations.
Q: Are there update delays or limitations?
A: This data is published annually by the World Bank, so there may be a delay of up to a year or more in the most recent information.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Turkmenistan (CSHCCPTMA156NRUG), retrieved from FRED.