Share of Household Consumption at Current Purchasing Power Parities for Liberia
CSHCCPLRA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.81
Year-over-Year Change
-5.81%
Date Range
1/1/1964 - 1/1/2019
Summary
The Share of Household Consumption at Current Purchasing Power Parities for Liberia measures the relative importance of household consumption within the Liberian economy. This metric is crucial for understanding economic development 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 share of total gross domestic product (GDP) that is accounted for by household final consumption expenditure in Liberia. It is a key measure of a country's economic structure and the relative size of its consumer sector.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Historical Context
Policymakers and analysts use this metric to assess the role of domestic consumption in Liberia's economic growth and development.
Key Facts
- Liberia's household consumption accounts for over 80% of its GDP.
- The share of household consumption has remained relatively stable over the past decade.
- Household consumption is a key driver of Liberia's economic growth.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the share of total gross domestic product (GDP) that is accounted for by household final consumption expenditure in Liberia.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding Liberia's economic development and living standards, as household consumption is a key driver of economic growth.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts 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 the role of domestic consumption in Liberia's economic growth and development.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, and there may be some delays in the most recent figures.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Liberia (CSHCCPLRA156NRUG), retrieved from FRED.