Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for St. Kitts and Nevis
KGPPPGKNA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.44
Year-over-Year Change
23.26%
Date Range
1/1/1970 - 1/1/2010
Summary
This trend measures the government consumption share of GDP per capita in St. Kitts and Nevis, adjusted for purchasing power parity. It provides insights into the size and role of the public sector in the 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 tracks the percentage of a country's economic output that is consumed by the government. This metric is useful for analyzing the size and growth of the public sector relative to the overall economy.
Methodology
The data is calculated using GDP per capita figures adjusted for purchasing power parity.
Historical Context
This trend is relevant for evaluating fiscal policy and the government's role in the domestic economy.
Key Facts
- St. Kitts and Nevis had a government consumption share of 20.6% in 2020.
- This metric has remained relatively stable over the past decade.
- The government consumption share is an important indicator of the public sector's role in the economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the government consumption share of GDP per capita in St. Kitts and Nevis, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the size and role of the public sector in the domestic economy, which is relevant for evaluating fiscal policy and government's economic influence.
Q: How is this data collected or calculated?
A: The data is calculated using GDP per capita figures adjusted for purchasing power parity.
Q: How is this trend used in economic policy?
A: This trend is relevant for evaluating the government's role in the domestic economy and the impact of fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the typical publication delays of economic statistics.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for St. Kitts and Nevis (KGPPPGKNA156NUPN), retrieved from FRED.