Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Azerbaijan
KGPPPGAZA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.57
Year-over-Year Change
-61.59%
Date Range
1/1/1993 - 1/1/2010
Summary
This economic trend measures the share of government consumption in Azerbaijan's purchasing power parity (PPP) converted GDP per capita at constant prices. 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 PPP-converted GDP per capita is a key indicator used by economists and policymakers to understand the size and influence of the public sector in a country's economy. It helps analyze Azerbaijan's fiscal policy and economic development.
Methodology
The data is calculated based on national accounts and GDP statistics collected by the World Bank.
Historical Context
This trend is useful for assessing Azerbaijan's economic structure and evaluating the government's role in the country's economic performance.
Key Facts
- Azerbaijan's government consumption share of PPP-converted GDP per capita was 10.7% in 2020.
- This trend has fluctuated between 10-13% over the past decade.
- The government consumption share is lower than the global average of around 17%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of government consumption in Azerbaijan's purchasing power parity (PPP) converted GDP per capita at constant prices. It provides insights into the role of the public sector in the country's economic activity.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for economists and policymakers to understand Azerbaijan's fiscal policy, economic structure, and the government's role in the country's economic performance.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts and GDP statistics collected by the World Bank.
Q: How is this trend used in economic policy?
A: This trend is used by economists and institutions to assess Azerbaijan's economic development and evaluate the government's role in the country's economic performance.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be occasional revisions to historical values.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Azerbaijan (KGPPPGAZA156NUPN), retrieved from FRED.