Share of Government Consumption at Current Purchasing Power Parities for Italy
CSHGCPITA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.16
Year-over-Year Change
7.92%
Date Range
1/1/1950 - 1/1/2019
Summary
The Share of Government Consumption at Current Purchasing Power Parities for Italy measures the relative size of government spending in the Italian economy, providing insights into fiscal policy and macroeconomic trends.
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 proportion of total gross domestic product (GDP) that is accounted for by government consumption expenditures in Italy. It is used by economists and policymakers to analyze the role of the public sector in the Italian economy and assess fiscal policy dynamics.
Methodology
The data is calculated by the OECD using national accounts information and purchasing power parity exchange rates.
Historical Context
Trends in this indicator are closely watched by international organizations, investors, and analysts to gauge Italy's economic performance and policy environment.
Key Facts
- Italy's government consumption as a share of GDP was 19.4% in 2021.
- This indicator has remained relatively stable over the past decade.
- The public sector accounts for a smaller portion of GDP in Italy compared to many other European countries.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of Italy's gross domestic product (GDP) that is accounted for by government consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: Trends in this indicator provide insights into the role of the public sector in the Italian economy and are used by economists and policymakers to assess fiscal policy dynamics.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using national accounts information and purchasing power parity exchange rates.
Q: How is this trend used in economic policy?
A: Analysts and policymakers closely monitor this indicator to gauge Italy's economic performance and policy environment, as it reflects the government's role in the broader economy.
Q: Are there update delays or limitations?
A: The data is updated annually by the OECD, and there may be some time lag in the most recent figures being available.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Italy (CSHGCPITA156NRUG), retrieved from FRED.