Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Benin
KGPPPGBJA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.45
Year-over-Year Change
-8.72%
Date Range
1/1/1959 - 1/1/2010
Summary
This economic trend measures the government consumption share of purchasing power parity (PPP)-converted GDP per capita in Benin at constant prices. It provides insight into the size and role of the public sector in the Beninese economy.
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 government consumption share of PPP-converted GDP per capita represents the proportion of a country's economic output that is consumed by the government. This metric is useful for analyzing the relative size and involvement of the public sector compared to the private sector.
Methodology
The data is calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
This trend is relevant for economists and policymakers evaluating the fiscal and economic policies of Benin.
Key Facts
- Benin's government consumption share was 8.7% in 2021.
- This metric has remained relatively stable in Benin over the past decade.
- Comparatively, the world average government consumption share was 16.8% in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Benin's GDP that is consumed by the government, using purchasing power parity conversion to adjust for price differences.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the role and size of the public sector in the Beninese economy, which is useful for evaluating fiscal and economic policies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to analyze the relative involvement of the government in Benin's economy and inform fiscal and economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent year may not be immediately available.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Benin (KGPPPGBJA156NUPN), retrieved from FRED.