Share of Household Consumption at Current Purchasing Power Parities for Ethiopia
CSHCCPETA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.70
Year-over-Year Change
-2.86%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the share of household consumption in Ethiopia's total GDP, adjusted for purchasing power parity. It provides insight into the role of consumer spending in the country's economic activity.
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
The share of household consumption at current purchasing power parities is an important macroeconomic indicator that reflects the relative importance of private consumption in a country's economic output. It is used by economists and policymakers to analyze patterns of domestic demand and evaluate the structure of the economy.
Methodology
The data is calculated by the World Bank based on national accounts and purchasing power parity conversion factors.
Historical Context
This trend is relevant for understanding Ethiopia's economic development and the potential impact of policies affecting consumer spending.
Key Facts
- Ethiopia's household consumption share was 78.1% in 2020.
- The trend has declined from over 90% in the 1990s.
- Household consumption is a key driver of Ethiopia's economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of household consumption in Ethiopia's total GDP, adjusted for purchasing power parity. It reflects the relative importance of private consumption in the country's economic output.
Q: Why is this trend relevant for users or analysts?
A: The share of household consumption is an important macroeconomic indicator that provides insight into patterns of domestic demand and the structure of the Ethiopian economy. It is relevant for economists and policymakers analyzing economic development and the potential impact of policies affecting consumer spending.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on national accounts and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to understand Ethiopia's economic development and evaluate the potential impact of policies affecting consumer spending patterns.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with potential delays in availability.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Ethiopia (CSHCCPETA156NRUG), retrieved from FRED.