Share of Household Consumption at Current Purchasing Power Parities for Belgium
CSHCCPBEA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.55
Year-over-Year Change
3.34%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the share of total household consumption expenditures in Belgium, adjusted for differences in purchasing power across countries. It provides insights into patterns of consumer spending and economic well-being.
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) represents the proportion of total household consumption in Belgium relative to other countries, with PPP adjustments to account for cost-of-living differences. This metric is used to compare standards of living and consumption behaviors across economies.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using household consumption and PPP exchange rate information.
Historical Context
This trend is relevant for analyzing consumer demand, economic growth, and international comparisons of living standards.
Key Facts
- Belgium's share of household consumption was 58.8% in 2021.
- This metric has remained relatively stable over the past decade.
- Consumption patterns vary across countries due to differences in income, prices, and preferences.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of total household consumption expenditures in Belgium, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into patterns of consumer spending and economic well-being, enabling comparisons of living standards across economies.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using household consumption and purchasing power parity (PPP) exchange rate information.
Q: How is this trend used in economic policy?
A: This trend is relevant for analyzing consumer demand, economic growth, and international comparisons of living standards, which can inform policymaking decisions.
Q: Are there update delays or limitations?
A: The data is published regularly, but there may be some delays in availability due to the time required for data collection and analysis.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Belgium (CSHCCPBEA156NRUG), retrieved from FRED.