Share of Household Consumption at Current Purchasing Power Parities for Equatorial Guinea
CSHCCPGQA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.34
Year-over-Year Change
88.58%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures the share of household consumption in Equatorial Guinea's economy, adjusted for purchasing power differences across countries. It provides insights into the structure and living standards of Equatorial Guinea's 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
The share of household consumption at purchasing power parities (PPP) is a key indicator of a country's economic development and living standards. It represents the proportion of a nation's total economic output that is devoted to private consumption by households.
Methodology
The data is calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
This metric is used by policymakers and analysts to assess Equatorial Guinea's economic structure and compare its household consumption patterns to other countries.
Key Facts
- Equatorial Guinea's household consumption share was 36.4% in 2020.
- This is lower than the global average of around 57%.
- Household consumption as a % of GDP has declined in Equatorial Guinea since the early 2000s.
FAQs
Q: What does this economic trend measure?
A: This metric measures the proportion of Equatorial Guinea's total economic output that is devoted to private consumption by households, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: The household consumption share is a key indicator of a country's economic development and living standards. It provides insights into the structure of Equatorial Guinea's economy and can be used to compare its consumption patterns to other nations.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank 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 metric to assess Equatorial Guinea's economic structure and living standards, and to compare it to other countries. It informs policy decisions related to economic development, consumer markets, and living standards.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a lag of around 1-2 years. There may also be limitations in data quality or comparability across countries.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Equatorial Guinea (CSHCCPGQA156NRUG), retrieved from FRED.