Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Sri Lanka
KGPPPGLKA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.86
Year-over-Year Change
-9.23%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the share of government consumption in Sri Lanka's GDP per capita, adjusted for purchasing power parity and constant prices. 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 GDP per capita is an important indicator for analyzing the size and influence of the public sector in an economy. It shows the percentage of total economic output that is consumed by the government, rather than by private individuals or businesses.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
This trend is useful for policymakers and analysts to evaluate fiscal policy and the government's role in the Sri Lankan economy.
Key Facts
- Sri Lanka's government consumption share of GDP was 7.2% in 2021.
- The trend has declined from a high of 12.7% in 1990.
- Government consumption accounts for a relatively small portion of Sri Lanka's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of government consumption in Sri Lanka's GDP per capita, adjusted for purchasing power parity and constant prices.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the size and role of the public sector in the Sri Lankan economy, which is useful for policymakers and economists analyzing fiscal policy and government's influence.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and analysts to evaluate the government's fiscal policy and its impact on the overall Sri Lankan economy.
Q: Are there update delays or limitations?
A: The data is subject to the availability and release schedule of the World Bank's national accounts 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 Sri Lanka (KGPPPGLKA156NUPN), retrieved from FRED.