Share of Government Consumption at Current Purchasing Power Parities for Greece
CSHGCPGRA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.21
Year-over-Year Change
9.50%
Date Range
1/1/1951 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for Greece' measures the percentage of Greece's total consumption expenditure that is attributable to government. This is an important economic indicator for understanding Greece's public sector role and fiscal policy.
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 series represents the share of total consumption expenditure in Greece that is government consumption, adjusted for differences in purchasing power across countries. It provides insight into the relative size of the public sector and its contribution to the Greek economy.
Methodology
The data is calculated by the OECD using national accounts information.
Historical Context
Policymakers and analysts use this metric to assess Greece's fiscal position and the role of government relative to the private sector.
Key Facts
- Greece's government consumption share was 18.8% in 2020.
- The share has declined from over 20% in the early 2000s.
- Government consumption is a component of Greece's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of total consumption expenditure in Greece that is attributable to government spending, adjusting 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 in the Greek economy, which is relevant for assessing fiscal policy and the balance between government and private consumption.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Greece's fiscal position and the relative contribution of government spending to overall economic activity.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Greece (CSHGCPGRA156NRUG), retrieved from FRED.