Share of Household Consumption at Current Purchasing Power Parities for Paraguay
CSHCCPPYA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.68
Year-over-Year Change
7.25%
Date Range
1/1/1951 - 1/1/2019
Summary
The share of household consumption at current purchasing power parities for Paraguay measures the percentage of total household consumption in the country's economy. This metric is important for economists and policymakers to understand household spending patterns and drivers of economic growth.
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 series represents the proportion of Paraguay's total economic output that is attributed to household consumption, adjusted for differences in purchasing power across countries. It provides insights into the structure and dynamics of the Paraguayan economy.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
Policymakers and analysts use this indicator to assess the health of the Paraguayan consumer sector and make informed decisions about economic policies.
Key Facts
- Paraguay's share of household consumption is around 65% of GDP.
- Household consumption is a major driver of Paraguay's economic growth.
- Purchasing power parity adjustments are important for cross-country comparisons.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Paraguay's total economic output that is attributed to household consumption, 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 structure and dynamics of the Paraguayan economy, which is useful for policymakers and analysts to assess the health of the consumer sector and make informed decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the health of the Paraguayan consumer sector and make informed decisions about economic policies.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timing of national accounts and purchasing power parity information from Paraguay.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Paraguay (CSHCCPPYA156NRUG), retrieved from FRED.