Total Expenditure of General Government for Congo, Republic of
COGGGXG01GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.54
Year-over-Year Change
27.84%
Date Range
1/1/2000 - 1/1/2026
Summary
The 'Total Expenditure of General Government for Congo, Republic of' metric measures the total government spending as a percentage of the country's gross domestic product (GDP). This statistic is crucial for understanding the fiscal policy and economic conditions in the Republic of Congo.
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 expenditure by the general government, including spending on goods and services, interest payments, subsidies, and social benefits. It provides insight into the government's role and influence within the national economy.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF) based on national accounts and government finance statistics.
Historical Context
Policymakers and economists use this metric to assess the government's fiscal stance and its impact on economic growth and stability.
Key Facts
- The Republic of Congo's government expenditure as a percentage of GDP was 24.75% in 2020.
- Government spending has declined from a high of 35.24% of GDP in 2014.
- The Republic of Congo aims to reduce its fiscal deficit through spending cuts and revenue reforms.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total expenditure by the general government of the Republic of Congo as a percentage of its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the government's fiscal policy and its role in the national economy, which is crucial for understanding economic conditions and growth prospects in the Republic of Congo.
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 and government finance statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the government's fiscal stance and its impact on economic growth and stability in the Republic of Congo.
Q: Are there update delays or limitations?
A: The data is published annually by the IMF, and there may be delays in reporting due to the time required for data collection and compilation.
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Citation
U.S. Federal Reserve, Total Expenditure of General Government for Congo, Republic of (COGGGXG01GDPPT), retrieved from FRED.