Share of Household Consumption at Current Purchasing Power Parities for Viet Nam
CSHCCPVNA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.71
Year-over-Year Change
22.91%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Share of Household Consumption at Current Purchasing Power Parities for Viet Nam' measures the portion of Vietnam's total economic output that is spent on household consumption. This key metric provides insights into the spending patterns and living standards of Vietnamese consumers.
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 share of total gross domestic product (GDP) in Vietnam that is accounted for by household final consumption expenditure. It is used by economists and policymakers to assess the strength of domestic demand and consumer purchasing power within the Vietnamese economy.
Methodology
The data is calculated by the World Bank using purchasing power parity (PPP) conversion factors to adjust for price level differences across countries.
Historical Context
Trends in household consumption share are closely monitored by international financial institutions and investors to gauge the health of the Vietnamese consumer market.
Key Facts
- Vietnam's household consumption share was 66.3% in 2021.
- Household consumption accounts for over two-thirds of Vietnam's GDP.
- The consumption share has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of Vietnam's total economic output that is spent on household final consumption expenditure.
Q: Why is this trend relevant for users or analysts?
A: The household consumption share is a key indicator of domestic demand and consumer purchasing power, providing insights into the strength of the Vietnamese consumer market.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using purchasing power parity (PPP) conversion factors to adjust for price level differences across countries.
Q: How is this trend used in economic policy?
A: Trends in household consumption share are closely monitored by international financial institutions and investors to gauge the health of the Vietnamese consumer market and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Viet Nam (CSHCCPVNA156NRUG), retrieved from FRED.