Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Palau
KGPPPGPWA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.50
Year-over-Year Change
0.74%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the government consumption share of purchasing power parity converted GDP per capita at constant prices for Palau. It provides insights into the size and role of the government sector within the Palauan 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 an important indicator used by economists and policymakers to analyze the relative size of the public sector and its impact on economic growth and development. This metric helps evaluate the government's fiscal policy and spending priorities.
Methodology
The data is calculated based on national accounts information provided by the Palauan government.
Historical Context
This trend is used to assess the sustainability and efficiency of government spending in Palau.
Key Facts
- Palau's government consumption share of GDP was 25.7% in 2020.
- This indicator has remained relatively stable over the past decade.
- Government spending plays a significant role in Palau's small, tourism-dependent economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of Palau's GDP that is attributed to government consumption expenditures, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and role of the public sector in Palau's economy, which is useful for evaluating fiscal policies and economic performance.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts information provided by the Palauan government.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the sustainability and efficiency of government spending in Palau.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and data collection methods of the Palauan government.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Palau (KGPPPGPWA156NUPN), retrieved from FRED.