Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Chile
KGPPPGCLA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.12
Year-over-Year Change
-2.31%
Date Range
1/1/1951 - 1/1/2010
Summary
This economic trend measures the government consumption share of Chile's purchasing power parity (PPP) converted GDP per capita at constant prices. It provides insights into the size and role of the public sector in the Chilean 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 indicator of the relative size of government spending within a country's economy. It represents the percentage of a nation's economic output that is consumed by the public sector.
Methodology
The data is calculated based on national accounts information provided by the Chilean government.
Historical Context
This metric is useful for economists and policymakers to analyze the fiscal position and economic structure of Chile.
Key Facts
- Chile's government consumption share of PPP-converted GDP per capita was 12.4% in 2021.
- This metric has trended downward in Chile over the past two decades.
- The public sector accounts for a smaller share of economic output in Chile compared to many other OECD countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of Chile's total economic output that is consumed by the government sector, as calculated using purchasing power parity (PPP) conversion.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and role of the public sector within Chile's economy, which is useful for economists and policymakers analyzing fiscal policy and economic structure.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts information provided by the Chilean government.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess Chile's fiscal position and the relative importance of the public sector within the country's overall economy.
Q: Are there update delays or limitations?
A: There may be some delays in the availability of the latest data, as it is dependent on the release of national accounts information by the Chilean government.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Chile (KGPPPGCLA156NUPN), retrieved from FRED.