Share of Household Consumption at Current Purchasing Power Parities for Morocco
CSHCCPMAA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.54
Year-over-Year Change
-6.68%
Date Range
1/1/1950 - 1/1/2019
Summary
The Share of Household Consumption at Current Purchasing Power Parities for Morocco measures the relative importance of household consumption within the Moroccan economy. It is a key indicator for evaluating 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 metric represents the proportion of total gross domestic product (GDP) that is attributed to household final consumption expenditure in Morocco. It provides insight into the structure and composition of the Moroccan economy and is useful for cross-country comparisons of economic activity.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Historical Context
Policymakers and economists analyze this indicator to understand patterns of economic growth and the role of domestic consumption in Morocco's development.
Key Facts
- Morocco's household consumption was 56.7% of GDP in 2021.
- Household consumption has increased from 52.8% of GDP in 2000.
- Morocco's household consumption is lower than the global average of 59.5%.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of Morocco's gross domestic product (GDP) that is attributed to household final consumption expenditure.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the structure of the Moroccan economy and the role of domestic consumption, which is useful for evaluating economic development and living standards.
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 economists analyze this indicator to understand patterns of economic growth and the role of domestic consumption in Morocco's development.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions by the World Bank.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Morocco (CSHCCPMAA156NRUG), retrieved from FRED.