Share of Government Consumption at Current Purchasing Power Parities for Sudan
CSHGCPSDA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.16
Year-over-Year Change
280.80%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for Sudan' measures the percentage of Sudan's gross domestic product (GDP) that is comprised of government consumption expenditures, adjusted for differences in purchasing power across countries.
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 provides insights into the role of the public sector in Sudan's economy. It is used by economists and policymakers to analyze the size and composition of government spending relative to the overall economy, which can inform fiscal and economic policy decisions.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
This trend is relevant for understanding Sudan's economic structure and the government's influence on domestic demand and resource allocation.
Key Facts
- Sudan's government consumption accounted for over 10% of its GDP in 2020.
- The share of government consumption in Sudan's GDP has remained relatively stable over the past decade.
- Government spending plays a significant role in Sudan's economy, reflecting the public sector's influence.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of Sudan's gross domestic product (GDP) that is comprised of government consumption expenditures, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the role of the public sector in Sudan's economy, which is relevant for economists and policymakers analyzing fiscal policy and the government's influence on the overall economy.
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: This trend is used by economists and policymakers to understand Sudan's economic structure and the government's influence on domestic demand and resource allocation, which can inform fiscal and economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a delay, and there may be limitations in accurately measuring government consumption across different economic and political contexts.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Sudan (CSHGCPSDA156NRUG), retrieved from FRED.