Share of Household Consumption at Current Purchasing Power Parities for the Plurinational State of Bolivia
CSHCCPBOA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.77
Year-over-Year Change
2.67%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the share of household consumption in Bolivia's gross domestic product (GDP) based on current purchasing power parities (PPPs). It provides insights into the structure and evolution of the Bolivian 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 is an important indicator for analyzing the composition and dynamics of a country's economic activity. It reflects the relative importance of private consumption in the overall economy and can inform policy decisions related to consumer demand, inflation, and living standards.
Methodology
The data is calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
This trend is used by economists, policymakers, and international organizations to assess Bolivia's economic development and compare its consumption patterns with other countries.
Key Facts
- Bolivia's household consumption share was 72.4% in 2021.
- The trend has declined from a high of 76.7% in 2010.
- Bolivia's household consumption is above the Latin American average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of household consumption in Bolivia's gross domestic product (GDP) based on current purchasing power parities (PPPs).
Q: Why is this trend relevant for users or analysts?
A: The share of household consumption is an important indicator for analyzing the structure and dynamics of the Bolivian economy, informing policy decisions related to consumer demand, inflation, and living standards.
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: This trend is used by economists, policymakers, and international organizations to assess Bolivia's economic development and compare its consumption patterns with other countries.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological updates of the World Bank, which may result in occasional delays or revisions.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for the Plurinational State of Bolivia (CSHCCPBOA156NRUG), retrieved from FRED.