Share of Government Consumption at Current Purchasing Power Parities for Singapore
CSHGCPSGA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.11
Year-over-Year Change
-6.57%
Date Range
1/1/1960 - 1/1/2019
Summary
The Share of Government Consumption at Current Purchasing Power Parities for Singapore measures the proportion of a country's GDP that is attributed to government consumption expenditures. This statistic is useful for analyzing a government's role and fiscal policy within the broader 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 economic indicator represents the share of total GDP in Singapore that is accounted for by government consumption, such as spending on public services, social programs, and public sector wages. It provides insight into the size and involvement of the public sector in the national economy.
Methodology
The data is calculated by the World Bank using purchasing power parity (PPP) exchange rates to convert government consumption expenditures into a common currency.
Historical Context
Economists and policymakers use this metric to assess the relative size of a country's public sector and evaluate the government's fiscal and economic policies.
Key Facts
- Singapore's government consumption share was 10.3% in 2021.
- This metric has remained relatively stable in Singapore over the past decade.
- The government consumption share is lower in Singapore compared to many developed economies.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of Singapore's GDP that is attributed to government consumption expenditures, providing insight into the size and involvement of the public sector in the national economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for economists and policymakers to assess the relative size of a country's public sector and evaluate the government's fiscal and economic policies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using purchasing power parity (PPP) exchange rates to convert government consumption expenditures into a common currency.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to analyze the role of the government in the Singapore economy and inform discussions around fiscal policy and the size of the public sector.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a potential delay of up to two years for the most recent figures.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Singapore (CSHGCPSGA156NRUG), retrieved from FRED.