Share of Government Consumption at Current Purchasing Power Parities for Saint Vincent and the Grenadines
CSHGCPVCA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.30
Year-over-Year Change
10.76%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for Saint Vincent and the Grenadines' measures the portion of the country's economic output spent on government consumption. This metric is important for economists and policymakers to assess fiscal policy and the public sector's role in the 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 indicator represents the percentage of Saint Vincent and the Grenadines' gross domestic product (GDP) that is attributable to government consumption expenditures. It provides insight into the size and influence of the public sector within the broader economy.
Methodology
The data is calculated based on national accounts statistics reported by the government of Saint Vincent and the Grenadines.
Historical Context
Policymakers and analysts use this metric to evaluate the scope of government's role and its potential impact on economic growth, resource allocation, and fiscal sustainability.
Key Facts
- Government consumption accounts for over 15% of Saint Vincent and the Grenadines' GDP.
- The share of government consumption has remained relatively stable over the past decade.
- Comparing this metric across countries provides insights into the size of the public sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the portion of Saint Vincent and the Grenadines' gross domestic product (GDP) that is attributable to government consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating the size and influence of the public sector within the broader economy, which informs fiscal policy and economic growth assessments.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts statistics reported by the government of Saint Vincent and the Grenadines.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the scope of government's role and its potential impact on economic growth, resource allocation, and fiscal sustainability.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and potential limitations in cross-country comparability due to differences in national accounting practices.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Saint Vincent and the Grenadines (CSHGCPVCA156NRUG), retrieved from FRED.