Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Mali
KGPPPGMLA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.32
Year-over-Year Change
-3.96%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic indicator measures the share of government consumption in Mali's GDP per capita at constant purchasing power parity. It provides insights into the role of the public sector in the country's economic output and development.
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 at constant prices for Mali represents the proportion of a country's economic output that is consumed by the government. This metric is used by economists and policymakers to analyze the size and influence of the public sector in a nation's economy.
Methodology
The data is calculated based on national accounts and GDP statistics reported by the Malian government.
Historical Context
This trend is relevant for understanding Mali's fiscal and economic policies, as well as comparisons to other countries.
Key Facts
- Mali's government consumption share was 13.8% in 2020.
- This indicator has declined from a high of 16.4% in 1990.
- Mali's government consumption share is lower than the global average of around 17%.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of Mali's GDP per capita at constant purchasing power parity that is consumed by the government sector.
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 Mali's economy, which is useful for economists, policymakers, and investors analyzing the country's fiscal and economic policies.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts and GDP statistics reported by the Malian government.
Q: How is this trend used in economic policy?
A: This indicator is used by economists and policymakers to understand the government's influence on Mali's economic output and development, which informs fiscal and economic policy decisions.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and updates due to the challenges of collecting accurate national accounts data in developing countries like Mali.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Mali (KGPPPGMLA156NUPN), retrieved from FRED.