Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Belarus
KGPPPGBYA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.23
Year-over-Year Change
-51.80%
Date Range
1/1/1994 - 1/1/2010
Summary
The Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Belarus measures the proportion of a country's economic output that is consumed by the government. This indicator is crucial for understanding a nation's fiscal policy and economic structure.
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
This series represents the share of a country's GDP that is consumed by the government, adjusted for differences in purchasing power across countries. It provides insights into the size and role of the public sector within the broader economy.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
Policymakers and economists use this metric to assess a country's fiscal policy, government spending priorities, and the balance between public and private economic activity.
Key Facts
- Belarus's government consumption share was 17.7% in 2021.
- This metric has remained relatively stable in Belarus over the past decade.
- Government consumption as a share of GDP is lower in Belarus than the global average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of a country's economic output that is consumed by the government, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the size and role of the public sector within a country's broader economy, which is crucial for understanding fiscal policy and economic structure.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess a country's fiscal policy, government spending priorities, and the balance between public and private economic activity.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with potential delays in availability.
Related Trends
Investment Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Cote d`Ivoire
KIPPPGCIA156NUPN
Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Paraguay
KGPPPGPYA156NUPN
Investment Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Guatemala
KIPPPGGTA156NUPN
Investment Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Somalia
KIPPPGSOA156NUPN
Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Croatia
KGPPPGHRA156NUPN
Investment Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Mongolia
KIPPPGMNA156NUPN
Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Belarus (KGPPPGBYA156NUPN), retrieved from FRED.