Share of Government Consumption at Current Purchasing Power Parities for Thailand
CSHGCPTHA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.19
Year-over-Year Change
14.58%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for Thailand' measures the proportion of total consumption in Thailand that is attributable to government spending. This metric is important for economists and policymakers to understand the role of the public sector in the Thai 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 trend represents the government's contribution to overall consumption in Thailand, adjusted for differences in purchasing power across countries. It provides insight into the size and influence of the public sector relative to private consumption.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Historical Context
This metric is used by economists, analysts, and policymakers to evaluate the fiscal and macroeconomic policies of the Thai government.
Key Facts
- Thailand's government consumption accounts for around 13% of total consumption.
- Government consumption has remained relatively stable as a share of total consumption in Thailand over the past decade.
- Thailand has a lower government consumption share compared to many other developing economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of total consumption in Thailand that is attributable to government spending, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and influence of the public sector in the Thai economy, which is important for evaluating fiscal and macroeconomic policies.
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: Economists, analysts, and policymakers use this metric to evaluate the role of the government in the Thai economy and the effectiveness of fiscal and macroeconomic policies.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, and there may be some delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Thailand (CSHGCPTHA156NRUG), retrieved from FRED.