Share of Government Consumption at Current Purchasing Power Parities for Viet Nam
CSHGCPVNA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.10
Year-over-Year Change
-10.83%
Date Range
1/1/1970 - 1/1/2019
Summary
The Share of Government Consumption at Current Purchasing Power Parities for Viet Nam measures the percentage of total economic output that is attributable to government spending in Vietnam. This metric is important for economists and policymakers to understand the role of the public sector in the Vietnamese 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 tracks the proportion of Vietnam's gross domestic product (GDP) that is accounted for by government consumption expenditures. It provides insight into the size and scope of the public sector's involvement in the Vietnamese economy.
Methodology
The data is calculated based on national accounts information from the Vietnamese government.
Historical Context
Policymakers and analysts use this metric to assess the fiscal policy stance and the government's role in driving economic activity.
Key Facts
- The share of government consumption in Vietnam's GDP was 6.91% in 2021.
- This metric has remained relatively stable over the past decade.
- Government consumption is a smaller component of GDP in Vietnam compared to many other developing economies.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the proportion of Vietnam's gross domestic product (GDP) that is accounted for by government consumption expenditures.
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 Vietnamese economy, which is important for understanding fiscal policy and macroeconomic conditions.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts information from the Vietnamese government.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the fiscal policy stance and the government's role in driving economic activity in Vietnam.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and data collection processes of the Vietnamese government.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Viet Nam (CSHGCPVNA156NRUG), retrieved from FRED.