Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Libya
KGPPPGLYA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.67
Year-over-Year Change
-27.64%
Date Range
1/1/1986 - 1/1/2010
Summary
This economic trend measures the government consumption share of purchasing power parity converted GDP per capita in Libya, adjusting for changes in prices over time. It provides insights into the size and role of the public sector in the Libyan 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 purchasing power parity converted GDP per capita is a key indicator used by economists and policymakers to understand the composition and relative importance of government spending within a country's overall economic output.
Methodology
The data is calculated based on national accounts information collected by the World Bank.
Historical Context
This metric helps analysts assess the fiscal policy stance and the government's role in the Libyan economy.
Key Facts
- Libya's government consumption share of GDP was 25.6% in 2020.
- This indicator has fluctuated between 20-30% over the past decade.
- Government spending plays a significant role in the Libyan economy.
FAQs
Q: What does this economic trend measure?
A: This metric measures the proportion of a country's total economic output, as measured by GDP, that is accounted for by government consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the size and role of the public sector within a country's economy, which is relevant for assessing fiscal policy, economic structure, and growth dynamics.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the government's fiscal stance, the size of the public sector, and the balance between government and private consumption in the economy.
Q: Are there update delays or limitations?
A: The data may have lags or limitations due to the availability of underlying national accounts information for Libya.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Libya (KGPPPGLYA156NUPN), retrieved from FRED.