Share of Household Consumption at Current Purchasing Power Parities for Burundi
CSHCCPBIA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.87
Year-over-Year Change
5.01%
Date Range
1/1/1960 - 1/1/2019
Summary
The Share of Household Consumption at Current Purchasing Power Parities for Burundi measures the relative importance of household consumption within Burundi's economy. This metric is crucial for understanding economic development and living standards.
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 series represents the ratio of household final consumption expenditure to GDP, adjusted for differences in purchasing power across countries. It provides insight into the structure and evolution of Burundi's economy and can inform policy decisions.
Methodology
The data is calculated by the World Bank using household consumption and GDP figures.
Historical Context
Policymakers and economists use this indicator to assess the standard of living and economic priorities in Burundi.
Key Facts
- Burundi's household consumption was 79.4% of GDP in 2021.
- This ratio has declined from over 85% in the early 2000s.
- Lower household consumption may indicate greater investment or government spending.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the share of a country's GDP that is accounted for by household final consumption expenditure, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the structure and development of a country's economy, as well as the standard of living for its population.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using household consumption and GDP figures.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess economic priorities and living standards in Burundi.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture rapid economic changes.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Burundi (CSHCCPBIA156NRUG), retrieved from FRED.