Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Singapore
Percentage of GDP
QSGPAM770A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
167.10
Year-over-Year Change
-16.95%
Date Range
10/1/1970 - 10/1/2024
Summary
The Percentage of GDP trend measures the ratio of government spending to total economic output, providing insights into the role of the public sector in the overall 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
This key economic indicator tracks the share of national gross domestic product (GDP) that is accounted for by government expenditures, including consumption and investment. It is used by economists and policymakers to analyze the government's fiscal position and its influence on economic growth.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis as the ratio of government consumption expenditures and gross investment to GDP.
Historical Context
The Percentage of GDP trend is closely monitored by fiscal and monetary authorities to inform economic policies and budget decisions.
Key Facts
- Government spending accounted for over 38% of GDP in 2021.
- The Percentage of GDP has ranged from around 30% to 40% over the past two decades.
- Government spending as a share of GDP typically increases during economic downturns.
FAQs
Q: What does this economic trend measure?
A: The Percentage of GDP trend measures the ratio of government spending, including consumption and investment, to the total economic output or GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers as it provides insights into the role of the public sector in the economy and can inform fiscal and economic policies.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis as the ratio of government consumption expenditures and gross investment to GDP.
Q: How is this trend used in economic policy?
A: The Percentage of GDP trend is used by fiscal and monetary authorities to analyze the government's fiscal position and its influence on economic growth, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is typically released on a quarterly basis with a short delay, and may be subject to revisions as more complete information becomes available.
Related Trends
Use of Financial Services Borrowers: Persons Borrowing from Commercial Banks for Singapore
SGPFCRODCPENUM
Liquid Assets to Deposits and Short Term Funding for Singapore
DDSI06SGA156NWDB
Bank's Net Interest Margin for Singapore
DDEI01SGA156NWDB
Amount Outstanding of Total Debt Securities in Financial Corporations Sector, All Maturities, Residence of Issuer in Singapore
TDSAMRIAOFCSG
Bank Lending Deposit Spread for Singapore
DDEI02SGA156NWDB
People 15 Years and Over with Account at a Formal Financial Institution for Singapore
DDAI05SGA156NWDB
Citation
U.S. Federal Reserve, Percentage of GDP (QSGPAM770A), retrieved from FRED.