Share of Government Consumption at Current Purchasing Power Parities for Bulgaria
CSHGCPBGA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.25
Year-over-Year Change
-2.05%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for Bulgaria' measures the relative size of government spending in Bulgaria's economy compared to total output. This indicator is important for policymakers and economists to assess the fiscal position and economic structure of the country.
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 trend represents the percentage of Bulgaria's gross domestic product that is accounted for by government consumption expenditures. It is used to analyze the role of the public sector and gauge the government's influence on the overall economy.
Methodology
The data is calculated by the World Bank using purchasing power parity exchange rates to ensure cross-country comparability.
Historical Context
This indicator provides context for evaluating Bulgaria's fiscal and economic policies compared to other countries.
Key Facts
- Bulgaria's government consumption was 16.3% of GDP in 2021.
- The trend has declined from a high of 20.3% in 1995.
- Bulgaria has a lower government consumption share than the OECD average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of Bulgaria's gross domestic product that is accounted for by government consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the size and role of the public sector in Bulgaria's economy, which is important for evaluating fiscal and economic policies.
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: This indicator is used by policymakers, economists, and analysts to assess Bulgaria's fiscal position and the government's influence on the overall economy.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Bulgaria (CSHGCPBGA156NRUG), retrieved from FRED.