Share of Government Consumption at Current Purchasing Power Parities for Guinea
CSHGCPGNA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.21
Year-over-Year Change
154.58%
Date Range
1/1/1959 - 1/1/2019
Summary
The Share of Government Consumption at Current Purchasing Power Parities for Guinea measures the proportion of a country's total GDP that is attributed to government consumption. This metric is important for economists and policymakers to understand a nation's fiscal policies and economic structure.
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 indicator represents the share of a country's gross domestic product (GDP) that is consumed by the government through expenditures on goods and services. It provides insight into the role of the public sector in the overall economy.
Methodology
The data is calculated by the World Bank using purchasing power parity (PPP) conversion factors.
Historical Context
This trend is widely used by economists, analysts, and policymakers to assess a country's fiscal policies and economic development.
Key Facts
- Guinea's government consumption share was 10.4% in 2020.
- The government consumption share has remained relatively stable in Guinea over the past decade.
- Low government consumption share can indicate a limited role of the public sector in the economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of a country's total GDP that is attributed to government consumption, providing insight into the role of the public sector in the overall economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to understand a nation's fiscal policies and economic structure, as it reflects the government's role in the overall economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, analysts, and policymakers to assess a country's fiscal policies and economic development.
Q: Are there update delays or limitations?
A: The data is subject to the availability and publication schedule of the World Bank, which may result in occasional update delays.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Guinea (CSHGCPGNA156NRUG), retrieved from FRED.