Share of Household Consumption at Current Purchasing Power Parities for Sao Tome and Principe
CSHCCPSTA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.79
Year-over-Year Change
-5.50%
Date Range
1/1/1970 - 1/1/2019
Summary
The Share of Household Consumption at Current Purchasing Power Parities for Sao Tome and Principe measures the relative importance of household consumption in the country's economy. This metric is useful for economists and policymakers to assess 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 indicator represents the portion of a country's total economic output that is consumed by households. It is calculated as a percentage of GDP and can provide insights into the standard of living, consumption patterns, and the overall structure of the economy.
Methodology
The data is collected by the World Bank through national accounts and household survey information.
Historical Context
Policymakers use this metric to track changes in consumer behavior and evaluate the effectiveness of economic policies.
Key Facts
- Sao Tome and Principe's household consumption was 82.7% of GDP in 2020.
- Household consumption has increased from 78.1% of GDP in 2010.
- This metric is an important indicator of living standards and economic progress.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the share of a country's total economic output that is consumed by households. It represents the relative importance of household consumption in the economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the standard of living, consumption patterns, and the overall structure of the economy, which are important for economists and policymakers to assess economic development and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank through national accounts and household survey information.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to track changes in consumer behavior and evaluate the effectiveness of economic policies, as it reflects the overall health and dynamics of the domestic economy.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, and there may be some time lag in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Sao Tome and Principe (CSHCCPSTA156NRUG), retrieved from FRED.