Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Slovak Republic
KGPPPGSKA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.33
Year-over-Year Change
4.15%
Date Range
1/1/1987 - 1/1/2010
Summary
This economic trend measures the government's share of purchasing power parity (PPP) converted GDP per capita in the Slovak Republic, adjusted for inflation. It provides insight into the size and role of the public sector in the country's 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 government activity in a national economy. It reflects the portion of economic output that is consumed by the public sector rather than private individuals or businesses.
Methodology
The data is calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
This trend is widely used by economists and policymakers to analyze fiscal policy and the role of government in economic development.
Key Facts
- The Slovak Republic's government consumption share of PPP-converted GDP per capita was 17.8% in 2021.
- This indicator has trended downward in Slovakia since the early 2000s.
- The government consumption share is lower in Slovakia than the OECD average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of a country's purchasing power parity (PPP) converted GDP per capita that is consumed by the government rather than by private individuals or businesses.
Q: Why is this trend relevant for users or analysts?
A: The government consumption share of GDP is an important indicator of the size and role of the public sector in a national economy, providing insights into fiscal policy and economic development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this indicator to analyze the size of government, assess fiscal policy, and understand the balance between public and private economic activity.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not capture the most recent economic conditions.
Related Trends
Investment Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Guyana
KIPPPGGYA156NUPN
Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Republic of Congo
KCPPPGCGA156NUPN
Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Greece
KGPPPGGRA156NUPN
Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for St.Vincent and Grenadines
KCPPPGVCA156NUPN
Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Guinea
KCPPPGGNA156NUPN
Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Venezuela
KCPPPGVEA156NUPN
Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Slovak Republic (KGPPPGSKA156NUPN), retrieved from FRED.