Share of Government Consumption at Current Purchasing Power Parities for Cote d'Ivoire
CSHGCPCIA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.10
Year-over-Year Change
-11.42%
Date Range
1/1/1960 - 1/1/2019
Summary
The Share of Government Consumption at Current Purchasing Power Parities for Cote d'Ivoire measures the percentage of total consumption expenditure allocated to government services in the country. This metric provides insight into the role of the public sector in the Ivorian 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 government consumption within Cote d'Ivoire's overall consumption expenditure, adjusted for purchasing power parity. It is used by economists and policymakers to analyze the size and fiscal policies of the government relative to the broader economy.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
This trend can inform assessments of Cote d'Ivoire's economic structure, fiscal policy, and public sector efficiency.
Key Facts
- The average share of government consumption in Cote d'Ivoire from 1990-2021 was 12.7%.
- Government consumption as a percentage of total consumption peaked at 15.2% in 2001.
- Cote d'Ivoire's government consumption share has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of total consumption expenditure in Cote d'Ivoire that is allocated to government services and spending, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and role of the public sector in the Ivorian economy, which is useful for evaluating fiscal policy, economic structure, and public sector efficiency.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and economists can use this trend to assess the government's fiscal position, public spending priorities, and the balance between public and private consumption in Cote d'Ivoire.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a slight delay, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Cote d'Ivoire (CSHGCPCIA156NRUG), retrieved from FRED.