Share of Household Consumption at Current Purchasing Power Parities for Bahrain
CSHCCPBHA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.34
Year-over-Year Change
22.89%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Share of Household Consumption at Current Purchasing Power Parities for Bahrain' measures the proportion of total household consumption in Bahrain relative to global benchmarks, providing insights into the country's economic standards of living.
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 indicator tracks the ratio of Bahrain's household consumption to the global average, adjusted for differences in purchasing power. It is a key metric for evaluating economic development and living standards in Bahrain compared to other countries.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Historical Context
Policymakers and economists use this metric to assess Bahrain's economic performance and competitiveness.
Key Facts
- Bahrain's household consumption share was 51.75% of the global average in 2021.
- The indicator has fluctuated between 47-55% of the global average over the past decade.
- Tracking this metric helps evaluate Bahrain's living standards relative to other countries.
FAQs
Q: What does this economic trend measure?
A: This indicator measures Bahrain's household consumption as a share of the global average, adjusted for differences in purchasing power.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Bahrain's economic development and living standards compared to other countries, which is valuable for policymakers and economists.
Q: How is this data collected or calculated?
A: The World Bank calculates this indicator using national accounts data and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess Bahrain's economic performance and competitiveness within the global market.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in the most recent year's release.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Bahrain (CSHCCPBHA156NRUG), retrieved from FRED.