Share of Government Consumption at Current Purchasing Power Parities for Belarus
CSHGCPBYA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.27
Year-over-Year Change
47.33%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic trend measures the share of government consumption in Belarus's gross domestic product (GDP) based on current purchasing power parities. It provides insight into the role of the public sector in the Belarusian 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
The share of government consumption at current purchasing power parities is an indicator that shows the proportion of a country's GDP that is attributed to government spending on goods and services. This metric is useful for analyzing the size and involvement of the public sector in a national economy.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
Policymakers and economists use this indicator to assess the scope of government's role in the Belarusian economy.
Key Facts
- Government consumption is approximately 20% of Belarus's GDP.
- Belarus has one of the higher government consumption shares among former Soviet states.
- The government consumption share has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of government consumption in Belarus's gross domestic product (GDP) based on current purchasing power parities.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the size and involvement of the public sector in the Belarusian economy, which is relevant for policymakers and economists analyzing the country's macroeconomic conditions.
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: Policymakers and economists use this indicator to assess the scope of government's role in the Belarusian economy and make informed decisions about fiscal and economic policies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a typical update delay of 1-2 years.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Belarus (CSHGCPBYA156NRUG), retrieved from FRED.