Share of Household Consumption at Current Purchasing Power Parities for Lebanon
CSHCCPLBA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.61
Year-over-Year Change
-7.84%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Share of Household Consumption at Current Purchasing Power Parities for Lebanon' measures the relative importance of household spending in Lebanon's economy. This metric is valuable for economists and policymakers analyzing economic performance and living standards.
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 indicator represents the proportion of total economic output in Lebanon that is attributable to household consumption, adjusted for differences in purchasing power across countries. It provides insights into consumer behavior, standard of living, and the structure of the Lebanese economy.
Methodology
The data is calculated by the World Bank using household survey and national accounts information.
Historical Context
Policymakers and analysts use this metric to assess the health of domestic demand and evaluate economic policies that impact consumer spending.
Key Facts
- Lebanon's household consumption share was 83.3% in 2021.
- The metric has declined from over 90% in the early 2000s.
- Household spending accounts for a larger portion of GDP in Lebanon compared to many other developing economies.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of Lebanon's total economic output that is attributable to household consumption, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: The household consumption share provides insights into consumer behavior, standard of living, and the structure of the Lebanese economy, which is valuable for economists and policymakers analyzing economic performance.
Q: How is this data collected or calculated?
A: The World Bank calculates this metric using household survey and national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of domestic demand and evaluate economic policies that impact consumer spending in Lebanon.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent year may not be immediately available.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Lebanon (CSHCCPLBA156NRUG), retrieved from FRED.