Share of Government Consumption at Current Purchasing Power Parities for Benin
CSHGCPBJA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.13
Year-over-Year Change
-18.32%
Date Range
1/1/1959 - 1/1/2019
Summary
The Share of Government Consumption at Current Purchasing Power Parities for Benin tracks the proportion of total national consumption expenditures that is attributable to the government sector. This metric is important for economists and policymakers to understand the role of the public sector in the Beninese 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 series measures the government's share of total consumption expenditures in Benin, adjusted for differences in purchasing power across countries. It provides insight into the size and economic influence of the public sector relative to private consumption.
Methodology
The data is calculated by the World Bank using national accounts statistics and purchasing power parity conversion factors.
Historical Context
Economists use this indicator to analyze the fiscal and macroeconomic policies of the Beninese government.
Key Facts
- Benin's government consumption share was 10.3% in 2020.
- The government consumption share has declined from over 12% in the early 2000s.
- Benin has one of the lower government consumption shares among West African countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of total national consumption expenditures in Benin that is attributable to the government sector, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the size and economic influence of the public sector relative to private consumption in Benin, which is important for understanding the country's fiscal and macroeconomic policies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts statistics and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Economists use this indicator to analyze the role of the government in the Beninese economy and the fiscal and macroeconomic policies of the government.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national accounts statistics from Benin.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Benin (CSHGCPBJA156NRUG), retrieved from FRED.