Share of Government Consumption at Current Purchasing Power Parities for Spain
CSHGCPESA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.19
Year-over-Year Change
18.00%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for Spain' measures the contribution of government spending to Spain's total economic output, adjusted for price differences across countries.
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 provides insight into the role of the public sector in Spain's economy. It is used by economists and policymakers to analyze government's influence on growth, fiscal policy, and resource allocation.
Methodology
The data is calculated by the OECD using purchasing power parities to standardize government consumption across countries.
Historical Context
This trend is relevant for assessing Spain's economic structure and competitiveness compared to other nations.
Key Facts
- Spain's government consumption was 18.4% of GDP in 2021.
- This is below the OECD average of 20.1% for that year.
- The indicator has remained relatively stable in Spain over the past decade.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the share of government consumption in Spain's total economic output, adjusted for price differences across countries using purchasing power parities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the role of the public sector in Spain's economy and is used by economists and policymakers to analyze government's influence on growth, fiscal policy, and resource allocation.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using purchasing power parities to standardize government consumption across countries.
Q: How is this trend used in economic policy?
A: This indicator is relevant for assessing Spain's economic structure and competitiveness compared to other nations, which can inform policy decisions related to fiscal policy, public spending, and resource allocation.
Q: Are there update delays or limitations?
A: The data is published annually by the OECD with a lag of approximately one year.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Spain (CSHGCPESA156NRUG), retrieved from FRED.