General Government Expense for St. Vincent and the Grenadines
SVGGGEIGDP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.40
Year-over-Year Change
1.94%
Date Range
1/1/2011 - 1/1/2024
Summary
The 'General Government Expense for St. Vincent and the Grenadines' trend measures the total expenditure of the government of St. Vincent and the Grenadines as a percentage of its gross domestic product (GDP). This metric is important for economists and policymakers to assess the fiscal health and policy stance of the country.
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 series represents the general government's total expenditure, including consumption, investment, and transfer payments, as a proportion of the country's GDP. It provides insight into the government's role in the overall economy and can inform fiscal policy decisions.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF) based on national accounts statistics.
Historical Context
Governments use this metric to monitor fiscal sustainability and the effectiveness of their policies.
Key Facts
- General government expense averaged 30.7% of GDP in St. Vincent and the Grenadines from 2010 to 2021.
- Government spending peaked at 36.7% of GDP in 2020 due to the COVID-19 pandemic.
- The government has historically maintained a relatively high level of expenditure compared to the size of the economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total expenditure of the government of St. Vincent and the Grenadines as a percentage of its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the government's role and fiscal policy stance within the overall economy, which is relevant for economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund (IMF) based on national accounts statistics.
Q: How is this trend used in economic policy?
A: Governments use this metric to monitor fiscal sustainability and the effectiveness of their policies, which can inform decisions about taxation, spending, and borrowing.
Q: Are there update delays or limitations?
A: The data is published annually by the IMF, with potential delays in reporting by national statistical agencies.
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Citation
U.S. Federal Reserve, General Government Expense for St. Vincent and the Grenadines (SVGGGEIGDP), retrieved from FRED.