Share of Government Consumption at Current Purchasing Power Parities for Nigeria
CSHGCPNGA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.10
Year-over-Year Change
-23.69%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for Nigeria' measures the portion of Nigeria's gross domestic product (GDP) that is attributable to government consumption expenditures, adjusted for purchasing power differences.
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 provides insight into the role of the public sector in Nigeria's economy. It is used by economists and policymakers to analyze the size and composition of government spending and its impact on overall economic activity.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) exchange rate information.
Historical Context
This trend is relevant for understanding Nigeria's fiscal policy and the government's role in the domestic economy.
Key Facts
- Nigeria's government consumption share of GDP was 7.78% in 2021.
- The share has remained relatively stable over the past decade.
- Nigeria's government consumption share is lower than the global average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the portion of Nigeria's gross domestic product (GDP) that is attributable to government consumption expenditures, adjusted for purchasing power differences.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the role of the public sector in Nigeria's economy and is used by economists and policymakers to analyze the size and composition of government spending and its impact on overall economic activity.
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) exchange rate information.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding Nigeria's fiscal policy and the government's role in the domestic economy.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and may be subject to revisions based on updated information.
Related Trends
Share of Merchandise Exports at Current Purchasing Power Parities for Pakistan
CSHXCPPKA156NRUG
Share of Government Consumption at Current Purchasing Power Parities for Dominican Republic
CSHGCPDOA156NRUG
Share of Gross Capital Formation at Current Purchasing Power Parities for France
CSHICPFRA156NRUG
Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Sierra Leone
CSHRCPSLA156NRUG
Share of Household Consumption at Current Purchasing Power Parities for Portugal
CSHCCPPTA156NRUG
Share of Merchandise Exports at Current Purchasing Power Parities for Argentina
CSHXCPARA156NRUG
Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Nigeria (CSHGCPNGA156NRUG), retrieved from FRED.