Share of Household Consumption at Current Purchasing Power Parities for Luxembourg
CSHCCPLUA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.35
Year-over-Year Change
-25.20%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Household Consumption at Current Purchasing Power Parities for Luxembourg' measures the proportion of total household consumption expenditures in Luxembourg, adjusted for differences in purchasing power across countries.
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 provides insights into the relative spending patterns of Luxembourg households compared to other countries. It is used by economists and policymakers to analyze consumer behavior and make cross-country comparisons of living standards.
Methodology
The data is calculated by the OECD using national accounts and purchasing power parity data.
Historical Context
This metric helps inform economic policy decisions and market analysis.
Key Facts
- Luxembourg has one of the highest household consumption shares among OECD countries.
- Consumption patterns are influenced by factors like income, prices, and consumer preferences.
- Purchasing power parity adjustments account for cost-of-living differences across nations.
FAQs
Q: What does this economic trend measure?
A: This metric measures the proportion of total household consumption expenditures in Luxembourg, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the relative spending patterns of Luxembourg households compared to other countries, which is useful for analyzing consumer behavior and making cross-country comparisons of living standards.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using national accounts and purchasing power parity data.
Q: How is this trend used in economic policy?
A: This metric helps inform economic policy decisions and market analysis by providing insights into consumer spending patterns and living standards.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological limitations of the OECD's national accounts and purchasing power parity statistics.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Luxembourg (CSHCCPLUA156NRUG), retrieved from FRED.