Share of Government Consumption at Current Purchasing Power Parities for Burundi
CSHGCPBIA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.21
Year-over-Year Change
14.95%
Date Range
1/1/1960 - 1/1/2019
Summary
The Share of Government Consumption at Current Purchasing Power Parities for Burundi tracks the proportion of national consumption expenditures allocated to government goods and services. This metric is useful for economic analysts to assess the role of the public sector in the Burundian 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 indicator represents the share of total consumption in Burundi that is attributed to government spending on public goods and services. It is an important measure of the size and involvement of the public sector within the broader economy.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
Economists and policymakers use this metric to evaluate the fiscal policy stance and the government's role in resource allocation within Burundi.
Key Facts
- Government consumption accounted for 13.4% of total consumption in Burundi in 2020.
- Burundi's government consumption share has declined from a high of 18.4% in 2007.
- The public sector plays a larger role in Burundi's economy compared to many other African nations.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the proportion of total national consumption expenditures in Burundi that is attributed to government spending on public goods and services.
Q: Why is this trend relevant for users or analysts?
A: The government consumption share is an important metric for assessing the role and size of the public sector within the Burundian economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to evaluate Burundi's fiscal policy stance and the government's role in resource allocation within the broader economy.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent year may not be immediately available.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Burundi (CSHGCPBIA156NRUG), retrieved from FRED.