Share of Government Consumption at Current Purchasing Power Parities for Montenegro
CSHGCPMEA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.26
Year-over-Year Change
-5.34%
Date Range
1/1/1990 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for Montenegro' measures the portion of a country's total GDP that is attributed to government consumption. This metric is important for economists and policymakers to understand the role of the public sector in a nation's 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 Montenegro's gross domestic product (GDP) that is accounted for by government consumption, adjusted for differences in purchasing power across countries. It provides insight into the size and economic influence of the public sector in Montenegro's economy.
Methodology
The data is collected and calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Historical Context
This metric is used by economists, analysts, and policymakers to assess a country's fiscal policy, economic structure, and public sector involvement.
Key Facts
- Montenegro's government consumption share of GDP was 18.8% in 2021.
- This metric has fluctuated between 16-20% of GDP over the past decade.
- The public sector plays a significant role in Montenegro's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Montenegro's gross domestic product (GDP) that is attributed to government consumption, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the size and economic influence of the public sector in Montenegro's economy, which is relevant for economists, policymakers, and analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: This trend is used by economists, analysts, and policymakers to assess Montenegro's fiscal policy, economic structure, and the role of the public sector in the country's economy.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, and there may be some delay in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Montenegro (CSHGCPMEA156NRUG), retrieved from FRED.