Share of Household Consumption at Current Purchasing Power Parities for Estonia
CSHCCPEEA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.50
Year-over-Year Change
-8.08%
Date Range
1/1/1990 - 1/1/2019
Summary
The 'Share of Household Consumption at Current Purchasing Power Parities for Estonia' measures the relative size of household consumption expenditures in Estonia compared to other countries. This economic indicator is useful for analyzing cross-country differences in living standards and consumer behavior.
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 Estonia's share of total household consumption expenditures across countries, adjusted for differences in purchasing power. It provides insights into the relative economic position and consumption patterns of Estonian households compared to the global average.
Methodology
The data is calculated by the OECD using national accounts and purchasing power parity (PPP) conversion factors.
Historical Context
Policymakers and economists use this metric to assess Estonia's economic development and consumer trends in relation to international benchmarks.
Key Facts
- Estonia's share of global household consumption was 0.13% in 2021.
- This metric has increased from 0.09% in 2000, indicating growing Estonian consumer power.
- Estonia's share is lower than the OECD average, reflecting its relatively smaller economy.
FAQs
Q: What does this economic trend measure?
A: This indicator measures Estonia's share of total global household consumption expenditures, 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 relative economic standing and consumer behavior of Estonian households compared to international benchmarks, which is useful for policymakers and economists.
Q: How is this data collected or calculated?
A: The OECD calculates this metric using national accounts data and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess Estonia's economic development and consumer trends in relation to global standards, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture rapid changes in consumer spending patterns.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Estonia (CSHCCPEEA156NRUG), retrieved from FRED.