Share of Household Consumption at Current Purchasing Power Parities for Albania
CSHCCPALA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.71
Year-over-Year Change
-3.02%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Share of Household Consumption at Current Purchasing Power Parities for Albania' measures the proportion of total household consumption expenditures in Albania's economy. This metric is important for evaluating living standards and consumer behavior.
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 economic indicator represents the relative share of household consumption within Albania's gross domestic product (GDP) based on purchasing power parity (PPP) exchange rates. It provides insights into the structure and trends of domestic demand and consumer spending in the Albanian economy.
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 the role of household consumption in Albania's economic growth and development.
Key Facts
- Albania's household consumption accounts for over 70% of its GDP.
- Household spending has grown steadily in Albania over the past decade.
- Consumption patterns in Albania reflect its transition to a market economy.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the share of total household consumption expenditures in Albania's gross domestic product (GDP) based on purchasing power parity (PPP) exchange rates.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the structure and trends of domestic demand and consumer spending in the Albanian economy, which is important for evaluating living standards and economic development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the role of household consumption in Albania's economic growth and development, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, 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 Albania (CSHCCPALA156NRUG), retrieved from FRED.