Share of Government Consumption at Current Purchasing Power Parities for Iraq
CSHGCPIQA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.16
Year-over-Year Change
-38.93%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for Iraq' measures the proportion of total economic output in Iraq that is attributable to government consumption expenditures. This metric is important for economists and policymakers to assess the size and role of the public sector in the Iraqi 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 percentage of Iraq's gross domestic product (GDP) that is accounted for by government spending on final consumption of goods and services. It is a key measure of the government's economic footprint and influence relative to the private sector.
Methodology
The data is calculated by the World Bank using purchasing power parity (PPP) exchange rates to standardize international comparisons.
Historical Context
Analysts use this indicator to evaluate Iraq's fiscal policy and the government's role in economic activity.
Key Facts
- Iraq's government consumption was 25.6% of GDP in 2020.
- The government consumption share peaked at 33.4% in 2014.
- This indicator has declined from highs in the early 2010s.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of Iraq's total economic output that is attributable to government spending on final consumption of goods and services.
Q: Why is this trend relevant for users or analysts?
A: The government consumption share is an important metric for assessing the role of the public sector in the Iraqi economy and evaluating fiscal policy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using purchasing power parity (PPP) exchange rates to standardize international comparisons.
Q: How is this trend used in economic policy?
A: Analysts use this indicator to evaluate Iraq's fiscal policy and the government's role in economic activity.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be delays in accessing the most recent figures.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Iraq (CSHGCPIQA156NRUG), retrieved from FRED.