Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Portugal
KGPPPGPTA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.54
Year-over-Year Change
31.03%
Date Range
1/1/1950 - 1/1/2010
Summary
This trend measures the government consumption share of purchasing power parity (PPP) converted GDP per capita for Portugal, adjusted for inflation. It provides insights into the role of government spending in the Portuguese 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 an important indicator of the relative size of a country's public sector. It helps economists and policymakers analyze the fiscal policy stance and the government's role in driving economic activity.
Methodology
The data is calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
This metric is widely used to benchmark government size and fiscal policy across countries.
Key Facts
- Portugal's government consumption share of PPP-converted GDP per capita was 18.3% in 2021.
- This metric has declined from a high of 20.3% in 2009 during the global financial crisis.
- The Portuguese government's fiscal consolidation efforts are reflected in the downward trend of this indicator.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of a country's total economic output (GDP) that is consumed by the government, adjusted for purchasing power parity (PPP).
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 a country's economy, which is a key consideration for fiscal and economic policy analysis.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data and PPP conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to benchmark government size, assess fiscal policy stance, and compare the role of the public sector across different countries.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not capture the most recent economic developments.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Portugal (KGPPPGPTA156NUPN), retrieved from FRED.