Share of Government Consumption at Current Purchasing Power Parities for China
CSHGCPCNA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.14
Year-over-Year Change
-28.90%
Date Range
1/1/1952 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for China' measures the relative size of government spending in China's economy. This metric is important for economists and policymakers to understand China's fiscal policy and economic 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 series represents the percentage of China's total gross domestic product (GDP) that is attributable to government consumption expenditures. It is calculated using purchasing power parity (PPP) exchange rates to allow for cross-country comparisons.
Methodology
The data is compiled by the World Bank from official government sources.
Historical Context
Analysts use this metric to assess the role of the public sector in China's economic growth and compare China's fiscal policies to other major economies.
Key Facts
- China's government consumption was 14.4% of GDP in 2021.
- China's government consumption share has remained relatively stable over the past decade.
- China's government consumption is lower than the OECD average of around 20% of GDP.
FAQs
Q: What does this economic trend measure?
A: This metric measures the percentage of China's gross domestic product (GDP) that is attributable to government consumption expenditures, using purchasing power parity (PPP) exchange rates.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the role of the public sector in China's economic growth and allows for comparisons of fiscal policies between China and other major economies.
Q: How is this data collected or calculated?
A: The data is compiled by the World Bank from official government sources.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to assess China's fiscal policies and the relative size of government spending in the economy, which can inform economic and policy decisions.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in reporting from official sources.
Related Trends
Share of Government Consumption at Current Purchasing Power Parities for Saudi Arabia
CSHGCPSAA156NRUG
Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Iceland
CSHRCPISA156NRUG
Share of Household Consumption at Current Purchasing Power Parities for South Africa
CSHCCPZAA156NRUG
Share of Gross Capital Formation at Current Purchasing Power Parities for India
CSHICPINA156NRUG
Share of Household Consumption at Current Purchasing Power Parities for Burkina Faso
CSHCCPBFA156NRUG
Share of Gross Capital Formation at Current Purchasing Power Parities for Maldives
CSHICPMVA156NRUG
Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for China (CSHGCPCNA156NRUG), retrieved from FRED.