Share of Household Consumption at Current Purchasing Power Parities for Zambia
CSHCCPZMA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.51
Year-over-Year Change
-23.41%
Date Range
1/1/1955 - 1/1/2019
Summary
This economic trend measures the share of household consumption in Zambia's economy, adjusted for purchasing power parity. It provides insights into the relative spending patterns and living standards of Zambian households.
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 an important indicator of a country's economic development and the standard of living for its population. It represents the proportion of a country's GDP that is attributed to household spending, taking into account differences in price levels between countries.
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 international institutions to assess the state of a country's economy and make cross-country comparisons.
Key Facts
- Zambia's share of household consumption at PPP was 50.9% in 2021.
- This indicator has remained relatively stable in Zambia over the past decade.
- Household consumption is a key driver of economic growth in developing countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Zambia's total economic output (GDP) that is attributed to household consumption, adjusted for differences in purchasing power between countries.
Q: Why is this trend relevant for users or analysts?
A: The share of household consumption at purchasing power parity is an important indicator of a country's standard of living and economic development. It allows for cross-country comparisons and can inform policymaking and investment decisions.
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: Economists and policymakers use this trend to assess the state of a country's economy, monitor changes in living standards, and make informed decisions about economic and social policies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, and there may be a 1-2 year delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Zambia (CSHCCPZMA156NRUG), retrieved from FRED.