Share of Household Consumption at Current Purchasing Power Parities for Djibouti
CSHCCPDJA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.63
Year-over-Year Change
10.61%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Share of Household Consumption at Current Purchasing Power Parities for Djibouti' measures the proportion of total consumption expenditure by Djiboutian households. This metric is important for economists and policymakers to assess the health and dynamics of the domestic 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
This economic indicator represents the share of total consumption in Djibouti that is attributable to household spending. It is a useful gauge of consumer demand and living standards, and can inform fiscal and monetary policies aimed at promoting economic growth.
Methodology
The data is calculated by the World Bank using household survey information and national accounts.
Historical Context
Policymakers and analysts monitor this trend to understand household consumption patterns and their broader macroeconomic implications.
Key Facts
- Household consumption accounts for over 70% of GDP in Djibouti.
- The household consumption share has remained relatively stable in recent years.
- Djibouti's household consumption share is higher than the global average.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the proportion of total consumption expenditure in Djibouti that is attributable to household spending, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: The household consumption share is an important gauge of consumer demand and living standards, providing insights into the health and dynamics of the Djiboutian economy.
Q: How is this data collected or calculated?
A: The World Bank calculates this metric using household survey data and national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor the household consumption share to understand consumption patterns and their macroeconomic implications, informing fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is updated annually, with a potential lag of 1-2 years. Coverage may be limited for some developing economies like Djibouti.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Djibouti (CSHCCPDJA156NRUG), retrieved from FRED.