Share of Government Consumption at Current Purchasing Power Parities for Kazakhstan
CSHGCPKZA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.22
Year-over-Year Change
50.66%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic indicator measures the share of government consumption in Kazakhstan's total economy, adjusted for purchasing power parity. It provides insight into the role of the public sector in the country's economic activity.
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
The share of government consumption at current purchasing power parities represents the proportion of Kazakhstan's total economic output that is accounted for by government spending. This metric is used by economists and policymakers to analyze the size and influence of the public sector in the country's economy.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
This indicator is relevant for understanding Kazakhstan's economic policies and the government's role in the country's development.
Key Facts
- Kazakhstan's government consumption was 10.4% of GDP in 2020.
- The share of government consumption has remained relatively stable over the past decade.
- Kazakhstan's public sector is smaller than the global average.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of Kazakhstan's total economic output that is accounted for by government spending, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the role of the public sector in Kazakhstan's economy, which is relevant for understanding the country's economic policies and development.
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 economists use this indicator to analyze the size and influence of the government in Kazakhstan's economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be a delay of several months before the latest figures are available.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Kazakhstan (CSHGCPKZA156NRUG), retrieved from FRED.