General Government Total Expenditure for Ecuador
ECUGGXGDP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.98
Year-over-Year Change
-20.57%
Date Range
1/1/2011 - 1/1/2024
Summary
The General Government Total Expenditure for Ecuador metric measures the total spending by the Ecuadorian government, including both national and local levels. This indicator is crucial for assessing the country's 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 metric represents the sum of all expenditures made by Ecuador's general government, which encompasses the national, state, and local levels. It is a key indicator used by economists and policymakers to analyze the government's budgetary position, fiscal sustainability, and potential impact on the broader economy.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF) based on government financial statistics.
Historical Context
General government expenditure is a vital consideration for investors, analysts, and policymakers in understanding Ecuador's economic conditions and growth prospects.
Key Facts
- Ecuador's general government expenditure was 32.4% of GDP in 2021.
- Government spending has increased from 25.4% of GDP in 2010 to 32.4% in 2021.
- The COVID-19 pandemic led to a spike in Ecuador's government expenditure in 2020.
FAQs
Q: What does this economic trend measure?
A: The General Government Total Expenditure for Ecuador metric measures the total spending by the Ecuadorian government, including both national and local levels.
Q: Why is this trend relevant for users or analysts?
A: This indicator is crucial for assessing the country's fiscal policy and economic management, as government spending has a significant impact on the broader economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund (IMF) based on government financial statistics.
Q: How is this trend used in economic policy?
A: General government expenditure is a vital consideration for investors, analysts, and policymakers in understanding Ecuador's economic conditions and growth prospects.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological updates of the IMF, which may result in occasional delays or revisions.
Related Trends
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Number of Identified Exporters to Ecuador from Colorado
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Value of Exports to Ecuador from Maine
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Use of Financial Services: Number of Depositors at Commercial Banks for Ecuador
ECUFCDODCPENUM
Value of Exports to Ecuador from Nevada
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ECUFCACNUM
Citation
U.S. Federal Reserve, General Government Total Expenditure for Ecuador (ECUGGXGDP), retrieved from FRED.