Share of Government Consumption at Current Purchasing Power Parities for Gambia
CSHGCPGMA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.09
Year-over-Year Change
0.29%
Date Range
1/1/1960 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for Gambia' measures the proportion of total economic output spent on government consumption in Gambia. This metric is useful for analyzing the size and role of the public sector in the Gambian 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 economic indicator represents the share of total domestic expenditure in Gambia that is accounted for by government consumption. It is a key measure of the size and involvement of the public sector compared to the private sector in economic activity.
Methodology
The data is calculated by the World Bank using national accounts statistics and purchasing power parity exchange rates.
Historical Context
Policymakers and analysts use this indicator to assess the fiscal position and economic structure of Gambia.
Key Facts
- Gambia's government consumption was 13.3% of GDP in 2021.
- The share has remained relatively stable over the past decade.
- Government consumption is a larger component of GDP in Gambia than in many other African economies.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of Gambia's total economic output that is accounted for by government consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: The share of government consumption is a key metric for understanding the size and role of the public sector in Gambia's economy, which is relevant for fiscal and economic policy analysis.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts statistics and purchasing power parity exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess Gambia's fiscal position and the structure of its economy, which informs decisions on taxation, spending, and other economic policies.
Q: Are there update delays or limitations?
A: There may be delays of up to a year or more in the availability of the latest data, and the indicator may not capture all government consumption activities.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Gambia (CSHGCPGMA156NRUG), retrieved from FRED.