Share of Government Consumption at Current Purchasing Power Parities for Colombia
CSHGCPCOA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.23
Year-over-Year Change
95.53%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for Colombia' measures the proportion of Colombia's total economic output that is attributable to government consumption. This metric is important for economists and policymakers to assess the size and role of the public sector in the Colombian 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 series represents the government consumption expenditure as a percentage of Colombia's gross domestic product (GDP) at current purchasing power parities. It provides insight into the level of government involvement and fiscal policy priorities in the Colombian economy.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Historical Context
Analysts and policymakers use this metric to evaluate the Colombian government's fiscal stance and its impact on economic growth and development.
Key Facts
- Colombia's government consumption was 15.4% of GDP in 2021.
- The share has remained relatively stable over the past decade.
- Government consumption is a key component of Colombia's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Colombia's total economic output that is attributable to government consumption, providing insight into the size and role of the public sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to assess the fiscal stance and its impact on Colombia's economic growth and development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to evaluate the Colombian government's fiscal policy and its influence on the country's economic performance.
Q: Are there update delays or limitations?
A: The data is published annually with a delay, and may be subject to revisions by the World Bank.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Colombia (CSHGCPCOA156NRUG), retrieved from FRED.