Share of Household Consumption at Current Purchasing Power Parities for South Africa
CSHCCPZAA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.62
Year-over-Year Change
-2.94%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Household Consumption at Current Purchasing Power Parities for South Africa' measures the relative size of household consumption in the South African economy. This metric is important for economists and policymakers to assess economic performance 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 economic indicator represents the proportion of total economic output that is consumed by South African households. It is a useful gauge of the domestic market's strength and consumer demand within the broader economy.
Methodology
The data is calculated by the World Bank using purchasing power parity exchange rates and national accounts statistics.
Historical Context
Policymakers and analysts use this trend to monitor household spending patterns and make informed decisions about fiscal, monetary, and social policies.
Key Facts
- South Africa's household consumption accounts for over 60% of its GDP.
- The share of household consumption has remained relatively stable over the past decade.
- Household consumption is a key driver of economic growth in South Africa.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of South Africa's total economic output that is consumed by households. It represents the relative size of domestic consumer demand.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the structure and performance of the South African economy, as household consumption is a major component of GDP.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using purchasing power parity exchange rates and national accounts statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor household spending patterns and make informed decisions about fiscal, monetary, and social policies.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, so there may be a 1-year delay in the most recent information.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for South Africa (CSHCCPZAA156NRUG), retrieved from FRED.