Share of Government Consumption at Current Purchasing Power Parities for Congo
CSHGCPCGA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.25
Year-over-Year Change
6.83%
Date Range
1/1/1960 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for Congo' measures the portion of a country's total GDP that is attributed to government consumption. This statistic is important for economists and policymakers to understand a nation's fiscal policies and economic structure.
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 percentage of Congo's GDP that is allocated to government spending on goods and services. It provides insight into the role of the public sector in the overall economy and can inform analysis of fiscal policies and government size.
Methodology
The data is calculated by the World Bank using purchasing power parity (PPP) exchange rates.
Historical Context
This metric is widely used by economists, analysts, and policymakers to assess a country's economic development and the government's role in the national economy.
Key Facts
- Congo's government consumption was 8.31% of GDP in 2020.
- This metric has fluctuated between 5-10% of GDP in Congo over the past decade.
- Government consumption as a share of GDP is typically higher in developed economies than in developing countries.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the portion of Congo's total GDP that is attributed to government spending on goods and services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the role of the public sector in Congo's economy and can inform analysis of fiscal policies and government size.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using purchasing power parity (PPP) exchange rates.
Q: How is this trend used in economic policy?
A: This indicator is widely used by economists, analysts, and policymakers to assess a country's economic development and the government's role in the national economy.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and may not capture short-term fluctuations in government consumption.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Congo (CSHGCPCGA156NRUG), retrieved from FRED.