Share of Household Consumption at Current Purchasing Power Parities for Madagascar
CSHCCPMGA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.81
Year-over-Year Change
12.11%
Date Range
1/1/1960 - 1/1/2019
Summary
The Share of Household Consumption at Current Purchasing Power Parities for Madagascar measures the relative importance of household consumption in the country's overall economic activity.
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 trend represents the proportion of Madagascar's gross domestic product (GDP) that is attributed to household consumption expenditures, adjusted for differences in purchasing power between countries.
Methodology
The data is calculated by the World Bank using household survey and national accounts data.
Historical Context
Policymakers and analysts use this metric to assess the strength of domestic demand and consumer spending in the Malagasy economy.
Key Facts
- Madagascar's household consumption share averaged 72% of GDP from 2010-2020.
- Household consumption is a key driver of economic growth in developing countries.
- Purchasing power parity adjusts for cost-of-living differences across nations.
FAQs
Q: What does this economic trend measure?
A: This metric measures the proportion of Madagascar's gross domestic product (GDP) that is attributed to household consumption expenditures, adjusted for differences in purchasing power between countries.
Q: Why is this trend relevant for users or analysts?
A: The household consumption share is an important indicator of the strength of domestic demand and consumer spending in the Malagasy economy, which is relevant for policymakers and economists assessing the country's economic performance and growth prospects.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using household survey and national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the strength of domestic demand and consumer spending in the Malagasy economy, which informs their understanding of the country's overall economic conditions and guides policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a lag, so there may be a delay in accessing the most recent figures.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Madagascar (CSHCCPMGA156NRUG), retrieved from FRED.