Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Kazakhstan
KGPPPGKZA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.91
Year-over-Year Change
-17.29%
Date Range
1/1/1993 - 1/1/2010
Summary
The Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Kazakhstan measures the portion of a country's economic output that is consumed by the government sector.
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
This indicator provides insights into the role of government in the Kazakhstani economy. It is used by economists and policymakers to analyze the size and influence of the public sector, as well as to make cross-country comparisons.
Methodology
The data is calculated based on national accounts information collected by statistical agencies.
Historical Context
This metric is relevant for understanding fiscal policy and the government's economic priorities.
Key Facts
- Kazakhstan's government consumption share was 10.5% in 2021.
- This indicator has declined from a high of 13.3% in 2005.
- The government consumption share is lower than the OECD average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the portion of Kazakhstan's economic output that is consumed by the government sector, as a share of the country's total GDP.
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 Kazakhstani economy, which is important for understanding fiscal policy and economic development.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts information collected by Kazakhstani statistical agencies.
Q: How is this trend used in economic policy?
A: This indicator is used by economists and policymakers to analyze the government's economic priorities and influence, as well as to make cross-country comparisons.
Q: Are there update delays or limitations?
A: The data may be subject to periodic revisions and updates by the statistical agencies responsible for collecting and publishing the information.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Kazakhstan (KGPPPGKZA156NUPN), retrieved from FRED.