Share of Government Consumption at Current Purchasing Power Parities for Canada
CSHGCPCAA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.20
Year-over-Year Change
26.71%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for Canada' tracks the proportion of Canada's total economic output that is attributable to government consumption. This metric is important for economists and policymakers to understand the role of the public sector in the Canadian 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 data series represents the share of total expenditure in Canada that is attributable to government consumption, adjusted for differences in purchasing power between countries. It provides insight into the size and influence of the public sector relative to the overall economy.
Methodology
The data is calculated by the OECD using national accounts and purchasing power parity data.
Historical Context
Policymakers and analysts use this metric to evaluate the fiscal position and economic structure of the Canadian economy.
Key Facts
- Canada's government consumption share was 20.7% in 2021.
- This metric has ranged from 17.4% to 21.8% over the past 20 years.
- The government consumption share is lower in Canada than the OECD average.
FAQs
Q: What does this economic trend measure?
A: This data series measures the proportion of Canada's total economic output that is attributable to government consumption, adjusted for differences in purchasing power between countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and influence of the public sector in the Canadian economy, which is important for evaluating fiscal policy and economic structure.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using national accounts and purchasing power parity data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the fiscal position and economic structure of the Canadian economy.
Q: Are there update delays or limitations?
A: The data is published annually by the OECD with a slight delay, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Canada (CSHGCPCAA156NRUG), retrieved from FRED.