Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Tanzania
KGPPPGTZA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.93
Year-over-Year Change
40.85%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the share of government consumption in Tanzania's purchasing power parity (PPP) converted GDP per capita at constant prices. It provides insight into the government's role in the 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 GDP represents the percentage of a country's total economic output that is consumed by the government. This metric is useful for analyzing the size and influence of the public sector relative to the private sector.
Methodology
The data is calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
This indicator is relevant for assessing a country's fiscal policy and the government's role in economic activity.
Key Facts
- Tanzania's government consumption share of GDP was 16.1% in 2021.
- This metric has remained relatively stable over the past decade.
- A higher government consumption share can indicate a larger public sector role in the economy.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the share of government consumption in Tanzania's total GDP, adjusted for purchasing power parity and expressed in constant prices.
Q: Why is this trend relevant for users or analysts?
A: The government consumption share of GDP provides insight into the size and role of the public sector in the Tanzanian economy, which is useful for analyzing fiscal policy and economic structure.
Q: How is this data collected or calculated?
A: The World Bank calculates this metric using national accounts data and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Economists and policymakers analyze this indicator to assess the government's role in the economy and the potential impact of fiscal policy decisions.
Q: Are there update delays or limitations?
A: This data is published annually with a lag, so the most recent values may not reflect the current economic situation.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Tanzania (KGPPPGTZA156NUPN), retrieved from FRED.