Share of Household Consumption at Current Purchasing Power Parities for Cyprus
CSHCCPCYA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.75
Year-over-Year Change
-3.10%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Household Consumption at Current Purchasing Power Parities for Cyprus' measures the proportion of household consumption in Cyprus's total economy, adjusted for differences in purchasing power across countries.
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 trend represents the relative size of household consumption within Cyprus's gross domestic product (GDP), accounting for differences in the cost of living compared to other countries. It is a key economic indicator used to analyze consumer spending patterns and the overall structure of the Cypriot economy.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
Policymakers and analysts use this metric to assess the health of domestic demand and household financial well-being in Cyprus.
Key Facts
- Cyprus's household consumption accounted for 69.7% of its GDP in 2021.
- Household consumption is a major driver of economic growth in Cyprus.
- Purchasing power parity adjusts for differences in the cost of living across countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of household consumption in Cyprus's total GDP, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is used to analyze consumer spending patterns and the overall structure of the Cypriot economy, providing insights into domestic demand and household financial well-being.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of domestic demand and household financial well-being in Cyprus, which can inform economic policies and decisions.
Q: Are there update delays or limitations?
A: The data is subject to the availability and publication schedule of the World Bank, which may result in some delay between the reference period and the release of the latest figures.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Cyprus (CSHCCPCYA156NRUG), retrieved from FRED.