Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Mongolia
KGPPPGMNA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.57
Year-over-Year Change
4.22%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the government consumption share of purchasing power parity (PPP) converted GDP per capita for Mongolia, adjusted for inflation. It provides insights into the role of government in the Mongolian 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 PPP-converted GDP per capita is a key indicator of the size and scope of a country's public sector. It reflects the proportion of economic output consumed by the government, shedding light on fiscal policy and the government's influence in the broader economy.
Methodology
This data is calculated based on national accounts information from the Mongolian government.
Historical Context
Policymakers and analysts use this metric to evaluate the economic structure and the relative weight of public spending in Mongolia.
Key Facts
- Mongolia's government consumption share was 16.8% in 2021.
- This metric has remained relatively stable over the past decade.
- The government consumption share is lower than the OECD average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of purchasing power parity (PPP) converted GDP per capita that is consumed by the Mongolian government.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the relative size and role of the public sector in the Mongolian economy, which is useful for evaluating fiscal policy and economic structure.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts information provided by the Mongolian government.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the size and scope of the government's role in the Mongolian economy, which informs fiscal and economic policy decisions.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting and updates from the Mongolian government, but the metric is generally considered a reliable indicator of government consumption in the economy.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Mongolia (KGPPPGMNA156NUPN), retrieved from FRED.