Share of Government Consumption at Current Purchasing Power Parities for Honduras
CSHGCPHNA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.11
Year-over-Year Change
-9.71%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for Honduras' measures the contribution of government spending to the overall economy of Honduras. This metric is important for economists and policymakers to assess the size and role of the public sector.
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 trend represents the portion of Honduras' total GDP that is comprised of government consumption expenditures. It is used to analyze the relative size and growth of the public sector compared to the private sector and overall economic activity.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
Policymakers and analysts use this metric to evaluate the fiscal policies and role of government in the Honduran economy.
Key Facts
- Honduras' government consumption was 14.7% of GDP in 2020.
- Government spending has increased from 12.3% of GDP in 2000.
- Honduras has a relatively small public sector compared to other Latin American countries.
FAQs
Q: What does this economic trend measure?
A: This metric measures the portion of Honduras' total GDP that is comprised of government consumption expenditures, such as spending on public services and employee compensation.
Q: Why is this trend relevant for users or analysts?
A: This trend is useful for evaluating the size and role of the public sector in the Honduran economy, which is relevant for assessing fiscal policies and the balance between government and private economic activity.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the fiscal policies and the size of the government's role in the Honduran economy.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a 1-2 year delay in the most recent figures.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Honduras (CSHGCPHNA156NRUG), retrieved from FRED.