Share of Household Consumption at Current Purchasing Power Parities for Sierra Leone
CSHCCPSLA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.89
Year-over-Year Change
4.72%
Date Range
1/1/1961 - 1/1/2019
Summary
The Share of Household Consumption at Current Purchasing Power Parities for Sierra Leone measures the portion of a country's total consumption expenditure that is attributable to household spending. This metric is crucial for understanding economic well-being and consumer trends.
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 percentage of Sierra Leone's total consumption expenditure that is accounted for by household consumption. It is used by economists and policymakers to analyze patterns of domestic demand, assess living standards, and inform fiscal and monetary policies.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Historical Context
Trends in household consumption shares provide insights into a country's economic development and the distribution of wealth.
Key Facts
- Sierra Leone's household consumption share was 83.4% in 2020.
- Household consumption is a major component of Sierra Leone's GDP.
- The household consumption share has declined from its peak of 90.4% in 1990.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of Sierra Leone's total consumption expenditure that is attributable to household spending.
Q: Why is this trend relevant for users or analysts?
A: Trends in household consumption shares provide insights into a country's economic development and the distribution of wealth, which are important for economic analysis and policymaking.
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: Household consumption shares are used by economists and policymakers to analyze patterns of domestic demand, assess living standards, and inform fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, and there may be some delays in availability depending on the reporting timeline.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Sierra Leone (CSHCCPSLA156NRUG), retrieved from FRED.