General Government Total Expenditure for Dominica
DMAGGXGDP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.30
Year-over-Year Change
-18.69%
Date Range
1/1/2011 - 1/1/2024
Summary
The General Government Total Expenditure for Dominica measures the total expenditures of the Dominica government as a percentage of its gross domestic product (GDP). This metric is crucial for economists and policymakers to assess the government's fiscal policy and its impact on the overall 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 total spending by the Dominica government, including both current and capital expenditures. It provides insight into the government's role and influence within the national economy. Analyzing this trend can inform fiscal policy decisions and help evaluate the government's impact on economic growth and development.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF) based on Dominica's reported government finance statistics.
Historical Context
General government expenditure as a percentage of GDP is a widely used metric for evaluating a country's fiscal position and the government's role in the economy.
Key Facts
- Dominica's general government expenditure was 34.1% of GDP in 2021.
- Government spending as a percentage of GDP has increased in Dominica over the past decade.
- Fiscal policy, including government expenditure, is a key tool for stimulating economic growth in developing countries.
FAQs
Q: What does this economic trend measure?
A: The General Government Total Expenditure for Dominica measures the total spending by the Dominica government, including both current and capital expenditures, as a percentage of its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for economists and policymakers to assess the government's fiscal policy and its impact on the overall economy, as it provides insight into the government's role and influence within the national economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund (IMF) based on Dominica's reported government finance statistics.
Q: How is this trend used in economic policy?
A: General government expenditure as a percentage of GDP is a widely used metric for evaluating a country's fiscal position and the government's role in the economy, which can inform fiscal policy decisions and help evaluate the government's impact on economic growth and development.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and data availability from the International Monetary Fund (IMF), which may result in occasional update delays or limitations in historical coverage.
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Citation
U.S. Federal Reserve, General Government Total Expenditure for Dominica (DMAGGXGDP), retrieved from FRED.