Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Bosnia and Herzegovina
KGPPPGBAA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.27
Year-over-Year Change
-28.91%
Date Range
1/1/1990 - 1/1/2010
Summary
This economic trend measures the share of government consumption in Bosnia and Herzegovina's GDP per capita on a purchasing power parity basis. It provides insights into the role of the public sector 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 for understanding a country's economic structure and the size of its public sector. It can inform policy decisions related to fiscal, monetary, and development strategies.
Methodology
The data is calculated by the World Bank using purchasing power parity conversion factors to account for price level differences across countries.
Historical Context
This trend is widely used by economists, policymakers, and international institutions to analyze economic performance and sustainability.
Key Facts
- The government consumption share averaged 18.4% in Bosnia and Herzegovina from 1995 to 2020.
- Bosnia and Herzegovina's government consumption share is lower than the European Union average of around 20%.
- The trend has remained relatively stable over the past two decades, with minor fluctuations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of government consumption in Bosnia and Herzegovina's GDP per capita on a purchasing power parity basis, providing 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: The government consumption share of GDP per capita is an important indicator for understanding a country's economic structure and the size of its public sector, which can inform policy decisions related to fiscal, monetary, and development strategies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using purchasing power parity conversion factors to account for price level differences across countries.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international institutions to analyze economic performance and sustainability, and to inform decisions related to fiscal, monetary, and development policies.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological updates of the World Bank, which may result in occasional delays or revisions.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Bosnia and Herzegovina (KGPPPGBAA156NUPN), retrieved from FRED.