Share of Government Consumption at Current Purchasing Power Parities for Bangladesh
CSHGCPBDA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.07
Year-over-Year Change
2.68%
Date Range
1/1/1959 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for Bangladesh' measures the percentage of total GDP that government consumption accounts for in Bangladesh, adjusted for purchasing power parity. This metric is important for economists and policymakers to assess the role of the public sector 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
This trend represents the share of government consumption within Bangladesh's gross domestic product, converted to a common currency unit using purchasing power parities. It provides insight into the relative size and importance of government activity in the national economy.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
Analysts use this metric to evaluate the fiscal policy stance and the degree of government involvement in the Bangladeshi economy.
Key Facts
- Government consumption accounts for around 5% of Bangladesh's GDP.
- Bangladesh's government consumption share is lower than the global average.
- The metric adjusts for differences in price levels between countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of Bangladesh's total GDP that is attributable to government consumption, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the role of the public sector in the Bangladeshi economy and can inform assessments of fiscal policy and government involvement.
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 use this indicator to evaluate the size of government consumption relative to the overall economy and to make cross-country comparisons.
Q: Are there update delays or limitations?
A: This data may have a lag of several years, and the purchasing power parity adjustments can be subject to methodological limitations.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Bangladesh (CSHGCPBDA156NRUG), retrieved from FRED.