Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Central African Republic
KGPPPGCFA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.55
Year-over-Year Change
32.86%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the government's share of purchasing power parity (PPP) converted GDP per capita in the Central African Republic, providing insight into the role of the public sector in the country's 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 is an important indicator for assessing the size and influence of the public sector in a country's economic activities. It helps economists and policymakers understand the balance between government and private consumption.
Methodology
The data is calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
This metric is often used to analyze fiscal policy, public sector efficiency, and the overall economic structure of the Central African Republic.
Key Facts
- The government consumption share of PPP-converted GDP per capita in the Central African Republic was 8.4% in 2020.
- This metric has fluctuated between 7-10% over the past decade in the Central African Republic.
- The public sector plays a relatively small role in the Central African Republic's economy compared to many other developing countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of a country's purchasing power parity (PPP) converted GDP per capita that is attributed to government consumption expenditures.
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 a country's economy, which is important for understanding fiscal policy, economic structure, and development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data and PPP conversion factors.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to analyze the balance between government and private consumption, assess fiscal policy, and understand a country's economic structure and development.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Central African Republic (KGPPPGCFA156NUPN), retrieved from FRED.