Total Expenditure of General Government for Guinea
GINGGXG01GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.65
Year-over-Year Change
-12.04%
Date Range
1/1/2000 - 1/1/2026
Summary
The Total Expenditure of General Government for Guinea measures the total spending by the Guinean government across all levels, including federal, state, and local. This metric is important for economists and policymakers to assess the government's fiscal position and policy stance.
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 indicator represents the total final consumption expenditure made by general government in Guinea. It includes spending on goods and services, compensation of employees, and other expenses. Analyzing this data provides insights into the size and composition of the government's budget.
Methodology
The data is collected and calculated by the World Bank based on national accounts statistics.
Historical Context
Tracking government expenditure is crucial for evaluating fiscal and economic policies in Guinea.
Key Facts
- Guinea's general government expenditure was 15.4% of GDP in 2020.
- Government spending has increased from 12.5% of GDP in 2010 to 15.4% in 2020.
- The largest components of government spending are compensation of employees and social benefits.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total final consumption expenditure made by the general government in Guinea, including spending on goods, services, employee compensation, and other expenses.
Q: Why is this trend relevant for users or analysts?
A: Tracking government expenditure is crucial for evaluating fiscal and economic policies in Guinea, as it provides insights into the size and composition of the government's budget.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts statistics.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this data to assess the government's fiscal position and policy stance, which is essential for evaluating the overall economic performance and development in Guinea.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, and there may be some delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Total Expenditure of General Government for Guinea (GINGGXG01GDPPT), retrieved from FRED.