Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Gabon
KGPPPGGAA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.41
Year-over-Year Change
14.20%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the share of government consumption in Gabon's gross domestic product (GDP) adjusted for purchasing power parity. It provides insights into the relative size of the public sector in the country's 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 is an important indicator for economists and policymakers as it reflects the role of the public sector in resource allocation and economic activity. It can inform analyses of fiscal policy, economic structure, and international competitiveness.
Methodology
The data is calculated based on national accounts statistics reported by the Gabonese government.
Historical Context
This trend is used to assess Gabon's economic structure and the government's role in the economy compared to other countries.
Key Facts
- Gabon's government consumption share of GDP was 13.6% in 2021.
- The trend has remained relatively stable over the past decade.
- Gabon's public sector is smaller compared to many other African economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of government consumption in Gabon's gross domestic product (GDP) adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: The government consumption share of GDP is an important indicator for understanding the role of the public sector in Gabon's economy and informing analyses of fiscal policy and economic structure.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts statistics reported by the Gabonese government.
Q: How is this trend used in economic policy?
A: This trend is used to assess Gabon's economic structure and the government's role in the economy compared to other countries, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and reporting practices of the Gabonese 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 Gabon (KGPPPGGAA156NUPN), retrieved from FRED.