Share of Government Consumption at Current Purchasing Power Parities for Finland
CSHGCPFIA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.23
Year-over-Year Change
32.04%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for Finland' measures the relative size of government spending in Finland's economy. This metric is important for economists and policymakers to analyze fiscal policy and public sector activity.
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 trend represents the proportion of total consumption in Finland's economy that is attributable to government spending, adjusted for differences in purchasing power across countries. It provides insight into the scale and role of the public sector within Finland's economic activity.
Methodology
The data is calculated by the OECD using national accounts and purchasing power parity information.
Historical Context
This metric is used by economists, analysts, and policymakers to assess Finland's fiscal policies and the size of its public sector relative to the overall economy.
Key Facts
- Finland's government consumption share was 19.8% in 2021.
- This metric has remained relatively stable over the past decade.
- The government consumption share is lower in Finland than the OECD average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share or proportion of total consumption in Finland's economy that is attributable to government spending, adjusted for differences in purchasing power.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and role of the public sector within Finland's economy, which is important for analyzing fiscal policy and the government's economic impact.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using national accounts and purchasing power parity information.
Q: How is this trend used in economic policy?
A: Economists, analysts, and policymakers use this metric to assess Finland's fiscal policies and the relative size of its public sector compared to the overall economy.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and revision processes of the OECD, which may result in some update delays.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Finland (CSHGCPFIA156NRUG), retrieved from FRED.