Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Mexico
KGPPPGMXA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.39
Year-over-Year Change
-7.67%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic indicator measures the government's share of total purchasing power parity-adjusted GDP per capita in Mexico. It provides insights into the relative size of the public sector within the Mexican 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 GDP is a key metric for analyzing the role of the public sector in a country's economic activity. It represents the percentage of a nation's total economic output that is attributable to government spending on goods and services.
Methodology
The data is calculated based on national accounts information provided by the Mexican government.
Historical Context
This trend is closely monitored by economists and policymakers to assess fiscal policy and the government's economic influence.
Key Facts
- Mexico's government consumption share of GDP was 11.4% in 2021.
- This indicator has declined from a high of 13.4% in 2000.
- The trend provides insight into the size of the public sector in Mexico.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the percentage of Mexico's total GDP that is attributable to government spending on goods and services.
Q: Why is this trend relevant for users or analysts?
A: The government consumption share of GDP is a key metric for understanding the role of the public sector in a country's economy and can inform fiscal policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts information provided by the Mexican government.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this indicator to assess the scale of government involvement in the Mexican economy and its implications for fiscal policy.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule of the Mexican government's national accounts information, which may introduce some lag in availability.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Mexico (KGPPPGMXA156NUPN), retrieved from FRED.