Share of Government Consumption at Current Purchasing Power Parities for Dominica
CSHGCPDMA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.32
Year-over-Year Change
59.41%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for Dominica' measures the proportion of Dominica's total economic output that is attributable to government spending. This metric is important for economists and policymakers to assess the size and role of the public sector in the country'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 government's consumption expenditure as a percentage of Dominica's gross domestic product (GDP) adjusted for differences in purchasing power across countries. It provides insight into the scale and fiscal policies of the public sector within the broader 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 trend to evaluate the size and role of the government in Dominica's economy compared to other countries.
Key Facts
- Government consumption accounted for 16.4% of Dominica's GDP in 2020.
- Dominica's government consumption share is below the global average of 17.7%.
- The trend has remained relatively stable over the past decade in Dominica.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of Dominica's total economic output that is attributable to government spending on goods and services.
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 Dominica's economy, which is useful for economists and policymakers evaluating fiscal policies and the government's economic influence.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this trend to assess the scale of government consumption in Dominica's economy and compare it to other countries, informing discussions around fiscal policy and the public sector's role.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent year may not be the current year.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Dominica (CSHGCPDMA156NRUG), retrieved from FRED.