General Government Expense for Ecuador
ECUGGEIGDP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.28
Year-over-Year Change
208.00%
Date Range
1/1/2011 - 1/1/2024
Summary
The General Government Expense for Ecuador metric measures the total expenditures of the Ecuadorian government, providing insights into fiscal policy and economic management.
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 value of all expenditures made by the Ecuadorian government, including spending on public services, social programs, and other government operations. It is a key statistic used by economists and policymakers to assess the government's fiscal position and its impact on the broader economy.
Methodology
The data is collected and calculated by the Ecuadorian Central Bank based on government budget and accounting records.
Historical Context
General government expense is an important metric for evaluating the sustainability of Ecuador's fiscal policies and its economic development strategies.
Key Facts
- Ecuador's general government expense was 33.4% of GDP in 2021.
- Government spending increased significantly after the 2015-2016 recession.
- Reducing the fiscal deficit is a key policy goal for the Ecuadorian government.
FAQs
Q: What does this economic trend measure?
A: The General Government Expense for Ecuador metric measures the total expenditures of the Ecuadorian government, including spending on public services, social programs, and other government operations.
Q: Why is this trend relevant for users or analysts?
A: This indicator is crucial for evaluating the Ecuadorian government's fiscal position and its impact on the broader economy, providing insights into the sustainability of the country's fiscal policies and economic development strategies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Ecuadorian Central Bank based on government budget and accounting records.
Q: How is this trend used in economic policy?
A: General government expense is an important metric for policymakers, economists, and market analysts to assess the Ecuadorian government's fiscal management and its potential impact on the country's economic performance and development.
Q: Are there update delays or limitations?
A: The data is published by the Ecuadorian Central Bank with occasional delays, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, General Government Expense for Ecuador (ECUGGEIGDP), retrieved from FRED.