Share of Government Consumption at Current Purchasing Power Parities for Togo
CSHGCPTGA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.17
Year-over-Year Change
13.18%
Date Range
1/1/1960 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for Togo' measures the proportion of Togo's total GDP that is accounted for by government consumption expenditures. This metric is important for economists and policymakers to assess the size and role of the public sector in the Togolese 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 Togo's GDP that is attributed to government consumption, including spending on public services, employee compensation, and other recurrent expenditures. It provides insight into the government's fiscal policies and the overall structure of the economy.
Methodology
The data is calculated by the World Bank using purchasing power parity exchange rates to ensure comparability across countries.
Historical Context
Policymakers use this indicator to monitor and manage the size of the public sector relative to the overall economy.
Key Facts
- Togo's government consumption share was 13.4% in 2020.
- The indicator has remained relatively stable over the past decade.
- Government consumption is a key component of Togo's GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the share of Togo's total GDP that is accounted for by government consumption expenditures, including spending on public services, employee compensation, and other recurrent expenses.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and role of the public sector in the Togolese economy, which is important for economists and policymakers to assess fiscal policies and the overall economic structure.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using purchasing power parity exchange rates to ensure comparability across countries.
Q: How is this trend used in economic policy?
A: Policymakers use this indicator to monitor and manage the size of the public sector relative to the overall Togolese economy.
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 Togo (CSHGCPTGA156NRUG), retrieved from FRED.