Share of Government Consumption at Current Purchasing Power Parities for Burkina Faso
CSHGCPBFA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.18
Year-over-Year Change
16.72%
Date Range
1/1/1959 - 1/1/2019
Summary
The Share of Government Consumption at Current Purchasing Power Parities for Burkina Faso measures the percentage of total consumption in the country that is attributable to government spending. This metric is important for understanding the role of the public sector in the Burkinabe 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 tracks the relative size of government consumption within Burkina Faso's overall economy. It is used by economists and policymakers to analyze the country's fiscal policy, economic structure, and development progress.
Methodology
The data is calculated by the World Bank using national accounts information and purchasing power parity adjustments.
Historical Context
This trend provides insight into the extent of government involvement in the Burkinabe economy, which is relevant for evaluating economic and social policies.
Key Facts
- Burkina Faso's government consumption was 18.7% of total consumption in 2020.
- This indicator has risen from 14.8% in 2000 to 18.7% in 2020.
- Government spending accounts for a larger share of the economy in Burkina Faso than the regional average in West Africa.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share or percentage of total consumption in Burkina Faso that is attributable to government spending, as opposed to private consumption.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the role of the public sector in the Burkinabe economy and is useful for evaluating fiscal policy, economic structure, and development progress.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts information and purchasing power parity adjustments.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the extent of government involvement in the Burkinabe economy, which is relevant for evaluating economic and social policies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a lag of approximately one year.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Burkina Faso (CSHGCPBFA156NRUG), retrieved from FRED.