Share of Government Consumption at Current Purchasing Power Parities for Albania
CSHGCPALA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.21
Year-over-Year Change
-1.95%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for Albania' measures the portion of Albania's total economic output that is attributed to government consumption. This statistic is important for economists and policymakers to understand the size and role of the public sector in the Albanian 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 indicator represents the share of total domestic consumption in Albania that is accounted for by government spending on goods and services. It provides insight into the size and involvement of the public sector within the broader economy, which is a key factor in fiscal and economic policy analysis.
Methodology
The data is calculated based on national accounts information from Albania.
Historical Context
This metric is used by economists, analysts, and policymakers to assess the economic structure and policy orientation of the Albanian government.
Key Facts
- Albania's government consumption share was 16.3% in 2020.
- This indicator has fluctuated between 14-18% over the past decade.
- The government consumption share is lower than the OECD average of around 20%.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the share or proportion of Albania's total domestic consumption that is attributed to government spending on goods and services.
Q: Why is this trend relevant for users or analysts?
A: The government consumption share provides insight into the size and role of the public sector within the Albanian economy, which is an important factor for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts information from Albania.
Q: How is this trend used in economic policy?
A: Economists, analysts, and policymakers use this metric to assess the economic structure and policy orientation of the Albanian government.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential revisions common for national accounts statistics.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Albania (CSHGCPALA156NRUG), retrieved from FRED.