Share of Household Consumption at Current Purchasing Power Parities for Iraq
CSHCCPIQA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.52
Year-over-Year Change
17.28%
Date Range
1/1/1970 - 1/1/2019
Summary
This trend measures the share of household consumption in Iraq's total economic output, adjusted for purchasing power differences. It provides insights into the structure and growth of Iraq'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 current purchasing power parities (PPP) is an important indicator of economic development. It reflects the relative importance of private consumption in a country's overall economic activity.
Methodology
The data is calculated by the World Bank using household survey data and national accounts information.
Historical Context
This metric is used by economists and policymakers to analyze Iraq's economic performance and household living standards.
Key Facts
- Iraq's household consumption share was 51.6% in 2020.
- The metric has increased from 44.4% in 2000, indicating rising living standards.
- Household consumption is a key driver of Iraq's economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of household consumption in Iraq's total economic output, adjusted for purchasing power differences.
Q: Why is this trend relevant for users or analysts?
A: The share of household consumption is an important indicator of economic development and living standards in Iraq.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using household survey data and national accounts information.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to analyze Iraq's economic performance and household living standards.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions based on updated household survey and national accounts information.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Iraq (CSHCCPIQA156NRUG), retrieved from FRED.