Share of Household Consumption at Current Purchasing Power Parities for Bahamas
CSHCCPBSA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.57
Year-over-Year Change
-7.48%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Share of Household Consumption at Current Purchasing Power Parities for Bahamas' measures the relative portion of a country's overall consumption expenditures that is attributed to household spending. This metric is valuable for economists and policymakers to assess a nation's consumption patterns and economic welfare.
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 percentage of total consumption in the Bahamas that is accounted for by household expenditures, adjusted for differences in purchasing power across countries. It provides insight into the structure and drivers of the Bahamian economy and can inform fiscal, monetary, and social policies.
Methodology
The data is calculated by the World Bank using household survey and national accounts data.
Historical Context
Policymakers and analysts use this metric to monitor changes in consumer behavior and make informed decisions about economic policies.
Key Facts
- The Bahamas' household consumption share was 72.7% in 2021.
- Household consumption accounts for a larger portion of GDP in the Bahamas than the global average.
- Tracking changes in the household consumption share can help identify shifts in consumer behavior and economic priorities.
FAQs
Q: What does this economic trend measure?
A: This metric measures the portion of total consumption expenditures in the Bahamas that is attributed to household spending, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the structure and drivers of the Bahamian economy, which can inform fiscal, monetary, and social policies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using household survey and national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor changes in consumer behavior and make informed decisions about economic policies in the Bahamas.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with potential delays in the most recent year's release.
Related Trends
Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Switzerland
CSHRCPCHA156NRUG
Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for United Republic of Tanzania
CSHRCPTZA156NRUG
Share of Government Consumption at Current Purchasing Power Parities for Lithuania
CSHGCPLTA156NRUG
Share of Gross Capital Formation at Current Purchasing Power Parities for South Africa
CSHICPZAA156NRUG
Share of Merchandise Exports at Current Purchasing Power Parities for Guinea-Bissau
CSHXCPGWA156NRUG
Share of Merchandise Imports at Current Purchasing Power Parities for Uruguay
CSHMCPUYA156NRUG
Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Bahamas (CSHCCPBSA156NRUG), retrieved from FRED.