Share of Government Consumption at Current Purchasing Power Parities for Bermuda
CSHGCPBMA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.17
Year-over-Year Change
-20.50%
Date Range
1/1/1970 - 1/1/2019
Summary
The Share of Government Consumption at Current Purchasing Power Parities for Bermuda measures the proportion of total economic output consumed by the government. This metric is important for understanding a country's fiscal policy and its role in the broader 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 government's share of total consumption in Bermuda's economy, adjusted for differences in purchasing power across countries. It is used by economists and policymakers to analyze the size and influence of the public sector.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity estimates.
Historical Context
This trend provides insight into Bermuda's fiscal policy and the government's role in the economy.
Key Facts
- Bermuda's government consumption share was 16.4% in 2021.
- This indicator has remained relatively stable over the past decade.
- Bermuda's government consumption is lower than the OECD average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Bermuda's total economic output that is consumed by the government. It provides insight into the size and influence of the public sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding a country's fiscal policy and the role of government in the broader 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 estimates.
Q: How is this trend used in economic policy?
A: This trend provides insight into Bermuda's fiscal policy and the government's role in the economy, which is relevant for economists, policymakers, and market analysts.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, so there may be a delay in the most recent information.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Bermuda (CSHGCPBMA156NRUG), retrieved from FRED.