Share of Government Consumption at Current Purchasing Power Parities for Kuwait
CSHGCPKWA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.20
Year-over-Year Change
66.52%
Date Range
1/1/1970 - 1/1/2019
Summary
The Share of Government Consumption at Current Purchasing Power Parities for Kuwait measures the percentage of total consumption expenditure in the Kuwaiti economy that is accounted for by government spending. This is an important indicator of the role of the public sector in the Kuwaiti 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 series represents the share of total consumption expenditure in Kuwait that is accounted for by government spending, expressed as a percentage. It provides insight into the size and influence of the public sector in the Kuwaiti economy relative to private consumption.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) data.
Historical Context
Policymakers and economists use this trend to assess the role of government in the Kuwaiti economy and its potential impact on economic growth and development.
Key Facts
- Kuwait's government consumption share averaged 23.5% from 1990-2021.
- The share peaked at 31.2% in 2020 amid the COVID-19 pandemic.
- Government consumption is a significant component of Kuwait's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of total consumption expenditure in the Kuwaiti economy that is accounted for by government spending.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the size and influence of the public sector in the Kuwaiti economy, which is important for assessing economic structure and growth.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) data.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the role of government in the Kuwaiti economy and its potential impact on economic growth and development.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with some potential delays in data reporting.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Kuwait (CSHGCPKWA156NRUG), retrieved from FRED.