Share of Government Consumption at Current Purchasing Power Parities for Argentina
CSHGCPARA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.22
Year-over-Year Change
80.20%
Date Range
1/1/1950 - 1/1/2019
Summary
The Share of Government Consumption at Current Purchasing Power Parities for Argentina measures the proportion of a country's GDP that is attributable to government consumption expenditures. This metric is important for economists and policymakers to assess the size and role of the public sector in a national 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 economic indicator represents the share of total national consumption expenditures that is accounted for by government consumption, including spending on public services, public employee compensation, and other government outlays. It provides insight into the scale of government's involvement in the domestic economy.
Methodology
The data is calculated by the World Bank using purchasing power parity exchange rates to ensure cross-country comparability.
Historical Context
Analysts monitor this trend to gauge the fiscal policy stance and the government's role in driving economic activity.
Key Facts
- Argentina's government consumption share was 15.3% in 2021.
- This indicator has declined from over 17% in the early 2000s.
- Cross-country comparisons show Argentina has a lower government consumption share than the OECD average.
FAQs
Q: What does this economic trend measure?
A: The Share of Government Consumption at Current Purchasing Power Parities for Argentina measures the proportion of the country's GDP that is attributable to government consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and role of the public sector in Argentina's economy, which is important for assessing fiscal policy and the government's involvement in driving economic activity.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using purchasing power parity exchange rates to ensure cross-country comparability.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this trend to gauge Argentina's fiscal policy stance and the government's role in driving economic activity.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness of reporting by the source agency, the World Bank.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Argentina (CSHGCPARA156NRUG), retrieved from FRED.