Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Ghana
KGPPPGGHA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.95
Year-over-Year Change
-8.75%
Date Range
1/1/1955 - 1/1/2010
Summary
This economic trend measures the share of government consumption in Ghana's GDP per capita, adjusted for purchasing power parity. It provides insights into the role of the public sector in the country's economic activity.
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 Purchasing Power Parity Converted GDP Per Capita metric represents the portion of Ghana's GDP per capita that is attributed to government spending, after accounting for differences in purchasing power across countries. This indicator is used by economists to analyze the size and composition of the public sector's contribution to economic output.
Methodology
The data is calculated by the World Bank using national accounts data.
Historical Context
This trend is relevant for understanding Ghana's fiscal policy and the government's role in the economy.
Key Facts
- Ghana's government consumption share of GDP was 10.5% in 2020.
- This indicator has remained relatively stable in Ghana over the past decade.
- Government consumption accounts for a smaller proportion of GDP in Ghana compared to many other developing economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of government consumption in Ghana's GDP per capita, 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 public sector in Ghana's economy and is used by economists to analyze fiscal policy and government's contribution to economic output.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding Ghana's fiscal policy and the government's role in the economy.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national accounts information from Ghana.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Ghana (KGPPPGGHA156NUPN), retrieved from FRED.