Share of Government Consumption at Current Purchasing Power Parities for Angola
CSHGCPAOA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.20
Year-over-Year Change
44.41%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for Angola' tracks the proportion of a country's total economic output that is attributable to government spending. This metric is useful for economists and policymakers to assess a nation's fiscal policies and public sector role.
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
This indicator represents the share of total output in Angola that is accounted for by government consumption expenditures, adjusted for differences in purchasing power across countries. It provides insight into the size and involvement of the public sector in the Angolan economy.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Historical Context
Analysts use this metric to evaluate the government's fiscal footprint and influence on economic activity.
Key Facts
- Angola's government consumption share was 13.4% in 2021.
- This metric has declined from a high of 24.2% in 1990.
- The World Bank publishes this data annually for most countries.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the proportion of Angola's total economic output that is attributable to government spending and consumption.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and involvement of the public sector in the Angolan economy, which is useful for evaluating fiscal policies and the government's economic role.
Q: How is this data collected or calculated?
A: The World Bank calculates this indicator using national accounts data and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to assess the government's fiscal footprint and influence on overall economic activity in Angola.
Q: Are there update delays or limitations?
A: The World Bank publishes this data annually, so there may be a 1-year delay in the most recent figures.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Angola (CSHGCPAOA156NRUG), retrieved from FRED.