Share of Household Consumption at Current Purchasing Power Parities for Trinidad and Tobago
CSHCCPTTA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.67
Year-over-Year Change
53.27%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic indicator measures the share of household consumption in Trinidad and Tobago's total economy, adjusted for purchasing power parity. It provides insights into the spending patterns and standards of living within 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 purchasing power parity is a key metric for analyzing the structure and dynamics of an economy. It helps compare household spending across countries, accounting for differences in prices and exchange rates.
Methodology
The data is calculated by the World Bank using national accounts and household survey information.
Historical Context
Policymakers and analysts use this indicator to assess consumer demand, evaluate economic development, and make cross-country comparisons.
Key Facts
- Trinidad and Tobago's household consumption share was 58.6% in 2021.
- This indicator has remained relatively stable over the past decade.
- Household consumption is a major component of Trinidad and Tobago's GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the share of household final consumption expenditure in Trinidad and Tobago's total economy, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: The share of household consumption at purchasing power parity is a key metric for evaluating consumer demand, economic development, and making cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and household survey information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess consumer demand, evaluate economic development, and make cross-country comparisons.
Q: Are there update delays or limitations?
A: There may be some delays in data availability, as the World Bank relies on national statistical agencies to provide the underlying information.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Trinidad and Tobago (CSHCCPTTA156NRUG), retrieved from FRED.