Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Burkina Faso
KGPPPGBFA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.71
Year-over-Year Change
16.84%
Date Range
1/1/1959 - 1/1/2010
Summary
This trend measures the share of government consumption in Burkina Faso's Purchasing Power Parity (PPP) converted GDP per capita at constant prices. It provides insights into the relative size of the public sector and its contribution to the economy.
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 an important economic indicator that reflects the role of the public sector in a country's economic activity. It can help policymakers and analysts understand the allocation of resources between government and private consumption.
Methodology
The data is collected and calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
This trend is relevant for understanding Burkina Faso's fiscal policies and the government's influence on the economy.
Key Facts
- Burkina Faso's government consumption share of PPP GDP per capita was 13.5% in 2020.
- The trend has remained relatively stable over the past decade, ranging from 12-14% of PPP GDP per capita.
- Government consumption includes spending on public services, defense, and social security.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of government consumption in Burkina Faso's Purchasing Power Parity (PPP) converted GDP per capita at constant prices. It reflects the relative size of the public sector in the economy.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the role of the government in Burkina Faso's economy and can help policymakers and analysts understand the allocation of resources between government and private consumption.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and PPP conversion factors.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding Burkina Faso's fiscal policies and the government's influence on the economy.
Q: Are there update delays or limitations?
A: The data is updated regularly by the World Bank, but there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Burkina Faso (KGPPPGBFA156NUPN), retrieved from FRED.