Share of Government Consumption at Current Purchasing Power Parities for Brunei Darussalam
CSHGCPBNA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.29
Year-over-Year Change
23.58%
Date Range
1/1/1970 - 1/1/2019
Summary
The Share of Government Consumption at Current Purchasing Power Parities for Brunei Darussalam measures the relative size of government spending in the country's economy. This metric is important for economists and policymakers to assess the role of the public sector and its impact on economic growth and development.
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 portion of Brunei Darussalam's total economic output that is accounted for by government consumption, adjusted for differences in purchasing power across countries. It provides insights into the scale and influence of the public sector within the broader economy.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Historical Context
Analysts and policymakers use this trend to evaluate Brunei's fiscal policies and the government's role in the country's economic activities.
Key Facts
- Brunei's government consumption accounts for over 25% of its GDP.
- The trend has remained relatively stable over the past decade.
- Brunei has one of the highest shares of government consumption among ASEAN countries.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the portion of Brunei Darussalam's total economic output that is accounted for by government consumption, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the role and influence of the public sector within Brunei's broader economy, which is important for evaluating fiscal policies and economic development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this trend to evaluate Brunei's fiscal policies and the government's role in the country's economic activities.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a typical delay of 1-2 years.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Brunei Darussalam (CSHGCPBNA156NRUG), retrieved from FRED.