Share of Government Consumption at Current Purchasing Power Parities for South Africa
CSHGCPZAA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.23
Year-over-Year Change
45.65%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the share of total government consumption expenditure in South Africa's gross domestic product (GDP) adjusted for purchasing power parity (PPP). It provides insights into the government'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
The share of government consumption at current PPPs for South Africa represents the portion of the country's economic output that is consumed by the public sector. This metric is used by economists and policymakers to analyze the size and influence of the government in the broader economy.
Methodology
The data is calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
This trend is relevant for understanding fiscal policy and the government's economic footprint in South Africa.
Key Facts
- South Africa's government consumption was 19.4% of GDP in 2021.
- The share has remained relatively stable over the past decade.
- Government consumption is a key component of a country's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of total government consumption expenditure in South Africa's gross domestic product (GDP) adjusted for purchasing power parity (PPP).
Q: Why is this trend relevant for users or analysts?
A: This metric is used by economists and policymakers to analyze the size and influence of the government in the broader South African economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and PPP conversion factors.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding fiscal policy and the government's economic footprint in South Africa.
Q: Are there update delays or limitations?
A: The data is subject to the World Bank's publication schedule and may have a delay compared to more frequently updated national statistics.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for South Africa (CSHGCPZAA156NRUG), retrieved from FRED.