General Government Total Expenditure for Bolivia
BOLGGXGDP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.09
Year-over-Year Change
-10.97%
Date Range
1/1/2011 - 1/1/2024
Summary
The General Government Total Expenditure for Bolivia measures the total spending by the Bolivian government, including federal, state, and local levels. This data point is crucial for economists and policymakers to analyze fiscal policy and public sector activity.
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 indicator represents the total outlays made by Bolivia's government, covering expenses such as employee compensation, purchases of goods and services, and social benefits. It is an important metric for assessing the size and role of the public sector within the broader economy.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF).
Historical Context
Governments use this indicator to guide fiscal planning and budgeting decisions.
Key Facts
- Bolivia's government expenditure was 33.1% of GDP in 2021.
- Government spending has increased from 26.7% of GDP in 2010.
- The public sector plays a significant role in Bolivia's economy.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total expenditures made by the Bolivian government, including federal, state, and local levels, as a percentage of the country's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This data point is crucial for economists and policymakers to analyze the size and role of the public sector within Bolivia's economy, as well as to assess the government's fiscal policy and budgeting decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund (IMF).
Q: How is this trend used in economic policy?
A: Governments use this indicator to guide fiscal planning and budgeting decisions, as it provides insights into the overall scale and composition of public sector activity within the economy.
Q: Are there update delays or limitations?
A: The data is published annually by the IMF, with some potential for delays in the most recent figures.
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Citation
U.S. Federal Reserve, General Government Total Expenditure for Bolivia (BOLGGXGDP), retrieved from FRED.