Share of Government Consumption at Current Purchasing Power Parities for Botswana
CSHGCPBWA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.24
Year-over-Year Change
24.29%
Date Range
1/1/1960 - 1/1/2019
Summary
The Share of Government Consumption at Current Purchasing Power Parities for Botswana measures the percentage of a country's total economic output that is attributed to government consumption expenditures. This metric is crucial for understanding the role of the public sector in a nation's 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 a country's Gross Domestic Product (GDP) that is spent on government consumption, including expenditures on goods and services by public institutions. It provides insights into the size and involvement of the government in the domestic economy.
Methodology
The data is calculated by the World Bank using purchasing power parity (PPP) conversion factors.
Historical Context
Policymakers and economists analyze this trend to assess the fiscal policies and role of government in Botswana's economic development.
Key Facts
- Botswana's government consumption share was 21.7% in 2021.
- This indicator has fluctuated between 18-24% over the past decade.
- Botswana's government consumption is higher than the global average of around 17%.
FAQs
Q: What does this economic trend measure?
A: The Share of Government Consumption at Current Purchasing Power Parities for Botswana measures the percentage of the country's total economic output that is attributed to government consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the size and involvement of the government in Botswana's domestic economy, which is crucial for understanding the country's fiscal policies and economic development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to assess the role of the government in Botswana's economy and inform fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a potential delay of 1-2 years.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Botswana (CSHGCPBWA156NRUG), retrieved from FRED.