Share of Government Consumption at Current Purchasing Power Parities for Belgium
CSHGCPBEA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.20
Year-over-Year Change
18.28%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for Belgium' measures the proportion of a country's total GDP spent on government consumption. 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 economic indicator represents the share of government consumption expenditures, including compensation of government employees and spending on goods and services, as a percentage of Belgium's total GDP. It is a key measure of fiscal policy and the size of the public sector relative to the overall economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts and purchasing power parity exchange rates.
Historical Context
Policymakers and analysts use this trend to evaluate the size and role of government in the Belgian economy compared to other countries.
Key Facts
- Belgium's government consumption share was 22.7% in 2021.
- This indicator has remained relatively stable over the past decade.
- Belgium's government consumption share is lower than the OECD average.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of Belgium's total GDP that is spent on government consumption, including employee compensation and purchases of goods and services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating the size and role of the public sector in the Belgian economy and for international comparisons of fiscal policy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts and purchasing power parity exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the size of government and its role in the Belgian economy compared to other countries.
Q: Are there update delays or limitations?
A: The data is updated annually with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Belgium (CSHGCPBEA156NRUG), retrieved from FRED.