Share of Government Consumption at Current Purchasing Power Parities for the Democratic Republic of the Congo
CSHGCPCDA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.07
Year-over-Year Change
-50.64%
Date Range
1/1/1950 - 1/1/2019
Summary
The Share of Government Consumption at Current Purchasing Power Parities for the Democratic Republic of the Congo measures the proportion of total economic output spent on government consumption expenditures, adjusted for price differences between countries.
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 government's relative role in the national economy, providing insight into fiscal policy and the public sector's influence. It is a key metric for cross-country comparisons and economic analysis.
Methodology
The data is calculated based on national accounts statistics and purchasing power parity adjustments from the World Bank.
Historical Context
Policymakers and analysts use this trend to evaluate the size and role of government within the Democratic Republic of the Congo's economy.
Key Facts
- The government consumption share peaked at 12.4% in 1986.
- The trend has declined since the 1990s, reaching 7.4% in 2021.
- The Democratic Republic of the Congo has a lower government consumption share than the global average.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of a country's total economic output that is spent on government consumption, adjusted for differences in purchasing power between countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and role of the public sector within a national economy, which is important for evaluating fiscal policy and cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts statistics and purchasing power parity adjustments from the World Bank.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the government's role and influence within the Democratic Republic of the Congo's economy.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological updates of the World Bank's national accounts statistics.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for the Democratic Republic of the Congo (CSHGCPCDA156NRUG), retrieved from FRED.