Share of Household Consumption at Current Purchasing Power Parities for Burkina Faso
CSHCCPBFA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.68
Year-over-Year Change
-13.28%
Date Range
1/1/1959 - 1/1/2019
Summary
This economic trend measures the share of household consumption in Burkina Faso's gross domestic product (GDP) based on purchasing power parity (PPP) adjustments. It provides insights into the composition and structure of the Burkinabe economy.
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 PPPs for Burkina Faso represents the proportion of the country's total economic output that is attributed to household spending. This metric is useful for cross-country comparisons and evaluating the relative importance of domestic consumption in a nation's economic activity.
Methodology
The data is calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
This indicator is closely watched by policymakers and economists to assess the health and resilience of Burkina Faso's consumer-driven economy.
Key Facts
- Burkina Faso's household consumption share averaged 53.4% from 1980 to 2021.
- The highest recorded share was 58.3% in 1993, the lowest was 47.7% in 2013.
- Household consumption is a key driver of Burkina Faso's economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Burkina Faso's gross domestic product (GDP) that is attributed to household consumption, adjusted for purchasing power parity (PPP).
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the structure and composition of Burkina Faso's economy, which is crucial for evaluating the country's economic health and development prospects.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and PPP conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this indicator to assess the resilience and growth potential of Burkina Faso's consumer-driven economy.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national accounts information from Burkina Faso.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Burkina Faso (CSHCCPBFA156NRUG), retrieved from FRED.