General Government Total Expenditure for Belize
BLZGGXGDP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.11
Year-over-Year Change
10.53%
Date Range
1/1/2011 - 1/1/2024
Summary
The 'General Government Total Expenditure for Belize' series measures the total spending by the Belize government. This metric is a key indicator of fiscal policy and government involvement in the 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 data represents the comprehensive expenditures made by all levels of government in Belize, including federal, state, and local. It is a vital statistic for analyzing the size and role of the public sector within the broader Belize economy.
Methodology
The data is collected and reported by the Belize Statistical Institute.
Historical Context
General government expenditure is closely monitored by economists, investors, and policymakers to assess the government's fiscal stance and potential impacts on economic growth.
Key Facts
- Government spending accounted for over 30% of Belize's GDP in recent years.
- Belize's general government expenditure has risen steadily since the early 2000s.
- Belize's government spending-to-GDP ratio is higher than the regional average for Latin America and the Caribbean.
FAQs
Q: What does this economic trend measure?
A: This series measures the total expenditures made by all levels of government in Belize, including federal, state, and local spending.
Q: Why is this trend relevant for users or analysts?
A: General government expenditure is a key indicator of fiscal policy and the size of the public sector in the Belize economy. It is closely monitored by economists, investors, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Belize Statistical Institute.
Q: How is this trend used in economic policy?
A: Belize's general government expenditure is used by policymakers, analysts, and institutions to assess the government's fiscal stance and potential impacts on economic growth.
Q: Are there update delays or limitations?
A: There may be occasional delays in the reporting of this data by the Belize Statistical Institute.
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Citation
U.S. Federal Reserve, General Government Total Expenditure for Belize (BLZGGXGDP), retrieved from FRED.