Share of Household Consumption at Current Purchasing Power Parities for Dominican Republic
CSHCCPDOA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.65
Year-over-Year Change
-7.13%
Date Range
1/1/1951 - 1/1/2019
Summary
The Share of Household Consumption at Current Purchasing Power Parities for Dominican Republic measures the proportion of the country's total consumption expenditure that is attributable to household spending. This indicator provides insights into the structure and dynamics of the Dominican 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 metric represents the share of total domestic consumption in the Dominican Republic that is accounted for by household expenditures, adjusted for differences in purchasing power between countries. It is a useful indicator of the relative importance of the consumer sector in the overall economy.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Historical Context
Policymakers and analysts monitor this trend to assess the health of the Dominican consumer market and its contribution to economic growth.
Key Facts
- The share of household consumption in the Dominican Republic was 74.4% in 2021.
- Household spending accounts for a larger portion of total consumption in the Dominican Republic compared to many other Latin American countries.
- The trend has remained relatively stable over the past decade, fluctuating between 73-75% of total consumption.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of total domestic consumption in the Dominican Republic that is attributable to household spending, adjusted for differences in purchasing power between countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the structure and dynamics of the Dominican economy, particularly the relative importance of the consumer sector. It is useful for policymakers and analysts assessing the health of the Dominican consumer market and its contribution to economic growth.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the health of the Dominican consumer market and its contribution to economic growth. It informs policy decisions related to consumer-driven economic development.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a potential delay of up to 2 years. The metric may be subject to revisions as more comprehensive national accounts data becomes available.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Dominican Republic (CSHCCPDOA156NRUG), retrieved from FRED.