Share of Government Consumption at Current Purchasing Power Parities for the Plurinational State of Bolivia
CSHGCPBOA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.13
Year-over-Year Change
-7.81%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for the Plurinational State of Bolivia' measures the proportion of total economic output spent by the Bolivian government. This statistic is valuable for assessing the government's role in the broader 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 percentage of Bolivia's Gross Domestic Product (GDP) that is accounted for by government consumption expenditures. It is a key metric for understanding the size and influence of the public sector within the country's economic system.
Methodology
The data is calculated by the World Bank using purchasing power parity (PPP) exchange rates to adjust for price level differences across countries.
Historical Context
Economists and policymakers analyze this trend to gauge the fiscal and budgetary priorities of the Bolivian government.
Key Facts
- Bolivia's government consumption as a share of GDP was 16.2% in 2020.
- This indicator has fluctuated between 12-18% over the past decade.
- Government spending accounts for a larger portion of GDP in Bolivia compared to many other Latin American countries.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the share of Bolivia's total economic output that is accounted for by government consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: The share of government consumption is a key metric for understanding the role and influence of the public sector within Bolivia's economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using purchasing power parity (PPP) exchange rates to adjust for price level differences across countries.
Q: How is this trend used in economic policy?
A: Economists and policymakers analyze this trend to gauge the fiscal and budgetary priorities of the Bolivian government.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a 1-2 year delay in the most recent observations.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for the Plurinational State of Bolivia (CSHGCPBOA156NRUG), retrieved from FRED.