Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Australia
KGPPPGAUA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.12
Year-over-Year Change
-5.56%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the government's share of purchasing power parity converted GDP per capita in Australia, adjusting for inflation. It provides insights into the role of government spending in the country's economic activity.
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 government consumption share of GDP per capita is an important indicator of a country's economic structure and the relative size of its public sector. This metric can inform analyses of fiscal policy, economic growth, and the balance between public and private economic activity.
Methodology
The data is calculated by the World Bank using purchasing power parity exchange rates and GDP per capita figures.
Historical Context
Policymakers and analysts use this trend to assess the scale of government involvement in the Australian economy over time.
Key Facts
- Australia's government consumption share of GDP was 18.7% in 2021.
- This metric has declined from a high of 21.5% in 1980.
- Australia has a relatively low government consumption share compared to many OECD peers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of Australia's GDP per capita that is accounted for by government consumption expenditures, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: The government consumption share of GDP is an important indicator of the role of the public sector in a country's economy, which is relevant for fiscal policy analysis and assessing the balance between government and private economic activity.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using purchasing power parity exchange rates and GDP per capita figures.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the scale of government involvement in the Australian economy over time and to inform discussions around fiscal policy, economic growth, and the balance between public and private economic activity.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Australia (KGPPPGAUA156NUPN), retrieved from FRED.