Share of Government Consumption at Current Purchasing Power Parities for Ghana
CSHGCPGHA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.11
Year-over-Year Change
15.67%
Date Range
1/1/1955 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for Ghana' measures the percentage of Ghana's total consumption expenditure that is allocated to government consumption. This metric is important for economists and policymakers to understand Ghana's fiscal policy and public sector's role in the 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 trend represents the government's share of total consumption in Ghana, adjusted for differences in purchasing power across countries. It provides insight into the size and scope of the public sector relative to the overall economy.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Historical Context
Policymakers use this metric to assess Ghana's fiscal policy and the government's role in the domestic economy.
Key Facts
- Ghana's government consumption share was 13.2% in 2021.
- The metric has declined from a high of 16.2% in 2011.
- Ghana's government consumption is low compared to the global average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of Ghana's total consumption expenditure that is allocated to government consumption, adjusted for purchasing power differences across 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 in Ghana's economy, which is important for understanding the country's fiscal policy and economic structure.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to assess Ghana's fiscal policy and the government's role in the domestic economy.
Q: Are there update delays or limitations?
A: The data is subject to the availability of national accounts and PPP information from Ghana.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Ghana (CSHGCPGHA156NRUG), retrieved from FRED.