Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Bolivia
KGPPPGBOA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.17
Year-over-Year Change
-3.52%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the government consumption share of GDP per capita in Bolivia, adjusted for purchasing power parity. It provides insights into the role of government spending in the Bolivian 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 GDP per capita is an important indicator of a country's economic structure and policy orientation. It represents the percentage of total economic output that is consumed by the government, rather than households or businesses.
Methodology
The data is collected and calculated by the World Bank using purchasing power parity exchange rates.
Historical Context
This trend is closely watched by policymakers, analysts, and investors to assess Bolivia's fiscal and economic policies.
Key Facts
- Bolivia's government consumption share of GDP per capita was 12.3% in 2021.
- This indicator has fluctuated between 11-13% over the past decade.
- A higher government consumption share can indicate a more interventionist economic model.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of Bolivia's GDP per capita that is consumed by the government, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the role of the government in the Bolivian economy and is closely watched by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using purchasing power parity exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Bolivia's fiscal policies and the government's role in the broader economy.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be a delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Bolivia (KGPPPGBOA156NUPN), retrieved from FRED.