Share of Government Consumption at Current Purchasing Power Parities for Norway
CSHGCPNOA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.18
Year-over-Year Change
67.91%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for Norway' measures the proportion of total consumption expenditure in Norway that is attributed to government spending. This metric is important for economists and policymakers to assess the size and role of the public sector in the Norwegian 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 indicator represents the percentage of total domestic consumption in Norway that is accounted for by government expenditures, adjusted for differences in purchasing power. It provides insight into the relative size of the public sector and its contribution to overall economic activity.
Methodology
The data is calculated by the OECD using national accounts information and purchasing power parity estimates.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to evaluate the fiscal policy stance and role of government in the Norwegian economy.
Key Facts
- Norway's government consumption share was 19.8% in 2021.
- This indicator has trended upward in Norway over the past decade.
- The government consumption share is higher in Norway than the OECD average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of total consumption expenditure in Norway that is attributed to government spending, adjusted for differences in purchasing power.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the relative size and role of the public sector in the Norwegian economy, which is important for evaluating fiscal policy and economic conditions.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using national accounts information and purchasing power parity estimates.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to assess the fiscal policy stance and the role of government in the Norwegian economy.
Q: Are there update delays or limitations?
A: The data is updated annually by the OECD, and there may be some delay in the most recent observations being available.
Related Trends
Share of Household Consumption at Current Purchasing Power Parities for Maldives
CSHCCPMVA156NRUG
Share of Merchandise Imports at Current Purchasing Power Parities for Yemen
CSHMCPYEA156NRUG
Share of Government Consumption at Current Purchasing Power Parities for Grenada
CSHGCPGDA156NRUG
Share of Household Consumption at Current Purchasing Power Parities for Malta
CSHCCPMTA156NRUG
Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Costa Rica
CSHRCPCRA156NRUG
Share of Gross Capital Formation at Current Purchasing Power Parities for Bulgaria
CSHICPBGA156NRUG
Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Norway (CSHGCPNOA156NRUG), retrieved from FRED.