Share of Household Consumption at Current Purchasing Power Parities for Uruguay
CSHCCPUYA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.68
Year-over-Year Change
-2.81%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the share of household consumption expenditure in Uruguay's gross domestic product, adjusting for differences in purchasing power across countries.
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 (PPPs) is an important indicator of a country's economic structure and living standards. It provides insights into the role of domestic consumption versus other components of GDP.
Methodology
The data is calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
Policymakers and analysts use this metric to assess Uruguay's economic development and living conditions relative to other countries.
Key Facts
- Uruguay's household consumption share was 66.3% in 2021.
- This metric has declined from a high of 70.7% in 2003.
- Uruguay's consumption share is lower than the Latin American average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Uruguay's gross domestic product that is accounted for by household consumption expenditure, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: The share of household consumption at PPPs provides insights into a country's economic structure and living standards, which is useful for policymakers and analysts assessing Uruguay's economic development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Uruguay's economic performance and living conditions relative to other countries, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a typical update delay of 1-2 years.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Uruguay (CSHCCPUYA156NRUG), retrieved from FRED.