Share of Household Consumption at Current Purchasing Power Parities for Gambia
CSHCCPGMA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.79
Year-over-Year Change
8.67%
Date Range
1/1/1960 - 1/1/2019
Summary
The Share of Household Consumption at Current Purchasing Power Parities for Gambia measures the percentage of total consumption expenditures made by Gambian households. This metric is crucial for understanding Gambia's standard of living and economic development.
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 the share of total consumption expenditures in Gambia that are attributable to household spending. It is a key indicator of the relative importance of private consumption within the broader economy and can provide insights into consumer behavior and living standards.
Methodology
The data is calculated based on national accounts and household survey information.
Historical Context
Policymakers and analysts use this metric to assess Gambia's economic progress and shape policies affecting consumer demand.
Key Facts
- Household consumption accounts for over 80% of Gambia's GDP.
- Gambia's household consumption share has remained relatively stable in recent years.
- Tracking this metric helps monitor changes in Gambian living standards.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of total consumption expenditures in Gambia that are made by households, providing insights into private consumption patterns.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding Gambia's standard of living and economic development, as household consumption is a key driver of economic activity.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts and household survey information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Gambia's economic progress and shape policies affecting consumer demand.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national accounts and household survey information in Gambia.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Gambia (CSHCCPGMA156NRUG), retrieved from FRED.