Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Switzerland
KGPPPGCHA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.14
Year-over-Year Change
-7.49%
Date Range
1/1/1950 - 1/1/2010
Summary
This trend measures the government consumption share of purchasing power parity (PPP) converted GDP per capita in Switzerland, adjusting for inflation. It provides insights into the relative size of government spending within the Swiss 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 economic indicator that reflects the proportion of a country's economic output consumed by the government. This metric is useful for cross-country comparisons and analyzing the role of the public sector in a national economy.
Methodology
The data is calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
Policymakers and economists use this trend to assess the fiscal position and policy choices of the Swiss government.
Key Facts
- Switzerland's government consumption share of GDP was 10.7% in 2021.
- This metric has remained relatively stable in Switzerland over the past decade.
- The government consumption share is lower in Switzerland compared to many other developed economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Switzerland's GDP that is consumed by the government, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the size and role of the public sector in the Swiss economy, which is useful for policymakers and economists analyzing fiscal policy and economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the fiscal position and policy choices of the Swiss government, as well as to make international comparisons of the size of the public sector.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be a delay in accessing the most recent figures.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Switzerland (KGPPPGCHA156NUPN), retrieved from FRED.