Share of Government Consumption at Current Purchasing Power Parities for Ecuador
CSHGCPECA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.15
Year-over-Year Change
46.94%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for Ecuador' measures the relative size of government spending in Ecuador's economy. This metric is important for economists and policymakers to assess the role of the public sector.
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 Ecuador's total consumption expenditure that is accounted for by government consumption. It provides insights into the scale and composition of government activity 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 use this trend to evaluate Ecuador's fiscal policy and the government's role in driving economic activity.
Key Facts
- Ecuador's government consumption share was 13.4% in 2021.
- The trend has remained relatively stable over the past decade.
- Government consumption is a key component of Ecuador's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of total consumption expenditure in Ecuador that is accounted for by government consumption, using purchasing power parity (PPP) exchange rates.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the role of the public sector in Ecuador's economy and is useful for assessing fiscal policy and government involvement in economic activity.
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: Economists and policymakers use this trend to evaluate the size and composition of government consumption in Ecuador, which can inform fiscal policy decisions and assessments of the public sector's role in the economy.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, and there may be some delays in availability compared to more frequently updated economic indicators.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Ecuador (CSHGCPECA156NRUG), retrieved from FRED.