Share of Household Consumption at Current Purchasing Power Parities for Zimbabwe
CSHCCPZWA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.84
Year-over-Year Change
9.54%
Date Range
1/1/1954 - 1/1/2019
Summary
This economic trend measures the share of household consumption in Zimbabwe's economy, adjusted for purchasing power differences between countries. It provides insights into the role of consumer spending in the country's economic activity.
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
The share of household consumption at current purchasing power parities (PPPs) is an important indicator of a country's economic structure and living standards. It reflects the portion of national output that is dedicated to meeting consumer demand within Zimbabwe.
Methodology
The data is calculated by the World Bank using household consumption expenditure and PPP conversion factors.
Historical Context
Policymakers and analysts use this metric to assess the health of Zimbabwe's consumer sector and make comparisons to other economies.
Key Facts
- Zimbabwe's household consumption share was 78.3% in 2021.
- The metric has fluctuated between 70-80% over the past decade.
- Zimbabwe's consumption share is above the global average of around 60%.
FAQs
Q: What does this economic trend measure?
A: This metric measures the portion of Zimbabwe's total economic output that is dedicated to household consumption, adjusted for differences in purchasing power between countries.
Q: Why is this trend relevant for users or analysts?
A: The household consumption share provides insights into Zimbabwe's economic structure and the role of consumer spending, which is useful for policymakers and analysts assessing the health of the country's consumer sector.
Q: How is this data collected or calculated?
A: The World Bank calculates this metric using household consumption expenditure data and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to evaluate Zimbabwe's consumer demand, make international comparisons, and inform decisions around fiscal, monetary, and regulatory policies.
Q: Are there update delays or limitations?
A: This data is published annually by the World Bank with a lag of approximately one year.
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Citation
U.S. Federal Reserve, Share of Household Consumption at Current Purchasing Power Parities for Zimbabwe (CSHCCPZWA156NRUG), retrieved from FRED.