Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Guatemala
KGPPPGGTA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.03
Year-over-Year Change
19.28%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the share of government consumption in Guatemala's Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita, adjusted for inflation. 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 per capita is a key indicator of the role of the public sector in an economy. It reflects the proportion of a country's economic output that is consumed by the government rather than the private sector. This metric is useful for analyzing a nation's fiscal policy and the balance between government and private activity.
Methodology
The data is calculated based on national accounts data reported by the Guatemalan government.
Historical Context
Policymakers and economists use this trend to assess Guatemala's fiscal position and the government's influence on the broader economy.
Key Facts
- Guatemala's government consumption share of GDP per capita was 10.78% in 2021.
- This trend has remained relatively stable over the past decade in Guatemala.
- The public sector accounts for a smaller proportion of economic activity in Guatemala compared to other Latin American countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of government consumption in Guatemala's Purchasing Power Parity (PPP) converted Gross Domestic Product (GDP) per capita, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the relative size of the public sector in Guatemala's economy, which is useful for analyzing the country's fiscal policy and the balance between government and private activity.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts data reported by the Guatemalan government.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess Guatemala's fiscal position and the government's influence on the broader economy.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and accuracy of the national accounts reporting by the Guatemalan 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 Guatemala (KGPPPGGTA156NUPN), retrieved from FRED.