Share of Household Consumption at Current Purchasing Power Parities for Saint Kitts and Nevis
CSHCCPKNA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.66
Year-over-Year Change
-3.53%
Date Range
1/1/1970 - 1/1/2019
Summary
The Share of Household Consumption at Current Purchasing Power Parities for Saint Kitts and Nevis measures the proportion of the country's total GDP that is accounted for by household consumption. This statistic is important for economists and policymakers to understand patterns of domestic demand 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 economic indicator represents the relative size of household consumption as a component of GDP in Saint Kitts and Nevis. It is used to analyze the structure and dynamics of the national economy, as well as to make international comparisons of living standards and consumption trends.
Methodology
The data is calculated by the World Bank using purchasing power parity exchange rates to ensure comparability across countries.
Historical Context
Policymakers use this indicator to inform fiscal, monetary, and social policies that aim to stimulate or manage domestic consumption and household demand.
Key Facts
- Saint Kitts and Nevis' household consumption was 79.7% of GDP in 2020.
- Household consumption has declined from a high of 84.4% of GDP in 2010.
- Consumption makes up a larger share of GDP in Saint Kitts and Nevis than the Latin America and Caribbean regional average.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the share of a country's GDP that is accounted for by household final consumption expenditure.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for understanding patterns of domestic demand, consumer behavior, and the structure of the national economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using purchasing power parity exchange rates to ensure international comparability.
Q: How is this trend used in economic policy?
A: Policymakers use this indicator to inform fiscal, monetary, and social policies that aim to stimulate or manage domestic consumption and household demand.
Q: Are there update delays or limitations?
A: There may be delays in data reporting, and the indicator does not capture the full complexity of household consumption patterns.
Related Trends
Share of Household Consumption at Current Purchasing Power Parities for Grenada
CSHCCPGDA156NRUG
Share of Merchandise Exports at Current Purchasing Power Parities for Brunei Darussalam
CSHXCPBNA156NRUG
Share of Gross Capital Formation at Current Purchasing Power Parities for Croatia
CSHICPHRA156NRUG
Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Honduras
CSHRCPHNA156NRUG
Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Azerbaijan
CSHRCPAZA156NRUG
Share of Household Consumption at Current Purchasing Power Parities for Djibouti
CSHCCPDJA156NRUG
Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Saint Kitts and Nevis (CSHCCPKNA156NRUG), retrieved from FRED.