Share of Government Consumption at Current Purchasing Power Parities for Oman
CSHGCPOMA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.23
Year-over-Year Change
55.67%
Date Range
1/1/1970 - 1/1/2019
Summary
The Share of Government Consumption at Current Purchasing Power Parities for Oman measures the proportion of total consumption expenditure in Oman that is attributable to government spending. This metric is important for analyzing Oman's economic structure and fiscal policy.
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 share of government consumption, including spending on public services and administration, within Oman's overall consumption expenditure. It provides insights into the role of the public sector in the Omani economy and can inform assessments of economic policy and development strategies.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Historical Context
Policymakers and economists use this trend to evaluate Oman's fiscal policy, public-private balance, and economic diversification efforts.
Key Facts
- Oman's government consumption share was 19.4% in 2020.
- The trend has declined from a high of 22.5% in 2012.
- Oman is diversifying its economy to reduce reliance on public spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of total consumption expenditure in Oman that is attributable to government spending, including public services and administration.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the role of the public sector in Oman's economy and can inform assessments of the country's fiscal policy, economic structure, and development strategies.
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) conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to evaluate Oman's fiscal policy, public-private balance, and economic diversification efforts.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with potential delays in availability.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Oman (CSHGCPOMA156NRUG), retrieved from FRED.