Share of Government Consumption at Current Purchasing Power Parities for Dominican Republic
CSHGCPDOA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.15
Year-over-Year Change
10.53%
Date Range
1/1/1951 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for Dominican Republic' measures the proportion of the Dominican Republic's GDP that is accounted for by government consumption expenditures. 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 indicator represents the relative importance of government consumption, including spending on goods and services, as a component of the Dominican Republic's gross domestic product. It provides insight into the scale of the public sector's economic activity and influence compared to private consumption and investment.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
This metric can inform fiscal and economic policy decisions, as well as comparisons of public sector size across countries.
Key Facts
- The Dominican Republic's government consumption share averaged 10.4% from 1990 to 2021.
- Government consumption as a percentage of GDP peaked at 11.4% in 2021.
- The government consumption share has remained relatively stable over the past three decades.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of the Dominican Republic's GDP that is accounted for by government consumption expenditures, providing insight into the size and role of the public sector in the economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to assess the scale of government's economic activity and influence compared to private consumption and investment, which can inform fiscal and economic policy decisions.
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: This indicator can be used to compare the size of the public sector across countries and inform fiscal and economic policy decisions in the Dominican Republic.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with potential delays in the most recent year's figures.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Dominican Republic (CSHGCPDOA156NRUG), retrieved from FRED.