Share of Government Consumption at Current Purchasing Power Parities for Gabon
CSHGCPGAA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.19
Year-over-Year Change
-6.62%
Date Range
1/1/1960 - 1/1/2019
Summary
The Share of Government Consumption at Current Purchasing Power Parities for Gabon measures the portion of Gabon's total GDP allocated to government consumption. This metric is important for economists and policymakers to assess the role of the public sector in the country's 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 GDP in Gabon that is consumed by the government, adjusted for differences in purchasing power between countries. It provides insight into the size and relative importance of the public sector within Gabon's economy.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity data.
Historical Context
This metric can inform fiscal and economic policy decisions in Gabon and regional economic analyses.
Key Facts
- Gabon's government consumption share averaged 12.7% of GDP from 2010-2020.
- The share peaked at 14.2% in 2017 and reached a low of 11.2% in 2020.
- Gabon's government consumption share is lower than the Sub-Saharan Africa regional average.
FAQs
Q: What does this economic trend measure?
A: This data series measures the portion of Gabon's gross domestic product (GDP) that is consumed by the government, 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 role of the public sector within Gabon's economy, which is useful for economists and policymakers analyzing fiscal and economic policies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data and purchasing power parity (PPP) adjustments.
Q: How is this trend used in economic policy?
A: This metric can inform fiscal and economic policy decisions in Gabon, as well as regional economic analyses for Sub-Saharan Africa.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Gabon (CSHGCPGAA156NRUG), retrieved from FRED.