Share of Household Consumption at Current Purchasing Power Parities for United Republic of Tanzania
CSHCCPTZA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.74
Year-over-Year Change
14.50%
Date Range
1/1/1960 - 1/1/2019
Summary
The Share of Household Consumption at Current Purchasing Power Parities for United Republic of Tanzania measures the portion of the country's economic output that is attributed to household consumption expenditures. This indicator provides insights into the standard of living and spending patterns of Tanzanian households.
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 measure represents the share of Tanzania's gross domestic product (GDP) that is accounted for by household consumption. It is an important metric for understanding the structure and dynamics of the Tanzanian economy and how economic growth translates into improvements in living standards for the population.
Methodology
The data is calculated by the World Bank using purchasing power parity (PPP) exchange rates to adjust for differences in price levels between countries.
Historical Context
Policymakers and economists use this indicator to assess the health of the Tanzanian consumer sector and inform decisions related to economic and social policies.
Key Facts
- Tanzania's household consumption share was 58.6% in 2020.
- The indicator has remained relatively stable over the past decade.
- Household consumption is a key driver of Tanzania's economic growth.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the portion of Tanzania's gross domestic product (GDP) that is attributed to household consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the standard of living and spending patterns of Tanzanian households, which is crucial for understanding the structure and dynamics of the Tanzanian economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using purchasing power parity (PPP) exchange rates to adjust for differences in price levels between countries.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the health of the Tanzanian consumer sector and inform decisions related to economic and social policies.
Q: Are there update delays or limitations?
A: The data is published annually with a potential delay of a few years, and may not capture short-term fluctuations in household consumption.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for United Republic of Tanzania (CSHCCPTZA156NRUG), retrieved from FRED.