Share of Government Consumption at Current Purchasing Power Parities for Costa Rica
CSHGCPCRA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.23
Year-over-Year Change
52.05%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for Costa Rica' measures the relative size of government spending in the Costa Rican economy. This metric is important for economists and policymakers to assess fiscal policy and the role of the public sector.
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 indicator represents the proportion of total economic output in Costa Rica that is accounted for by government consumption expenditures. It is calculated using purchasing power parity exchange rates to enable cross-country comparisons of the government's economic footprint.
Methodology
The data is compiled by the World Bank using national accounts statistics and purchasing power parity conversion factors.
Historical Context
Analysts use this measure to evaluate the size and role of the public sector within Costa Rica's economy.
Key Facts
- Costa Rica's government consumption is approximately 15% of GDP.
- The indicator has remained relatively stable over the past decade.
- Compared to other Latin American countries, Costa Rica has a smaller public sector.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the share of total economic output in Costa Rica that is accounted for by government consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing the role and size of the public sector within the Costa Rican economy, which is relevant for fiscal policy analysis and cross-country economic comparisons.
Q: How is this data collected or calculated?
A: The data is compiled by the World Bank using national accounts statistics and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this measure to evaluate the relative size and role of government spending within the Costa Rican economy, which informs fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in the most recent observations due to the time required for data collection and reporting.
Related Trends
Share of Household Consumption at Current Purchasing Power Parities for Israel
CSHCCPILA156NRUG
Share of Merchandise Imports at Current Purchasing Power Parities for Yemen
CSHMCPYEA156NRUG
Share of Government Consumption at Current Purchasing Power Parities for Estonia
CSHGCPEEA156NRUG
Share of Merchandise Imports at Current Purchasing Power Parities for Latvia
CSHMCPLVA156NRUG
Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Estonia
CSHRCPEEA156NRUG
Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Austria
CSHRCPATA156NRUG
Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Costa Rica (CSHGCPCRA156NRUG), retrieved from FRED.