Share of Government Consumption at Current Purchasing Power Parities for Estonia
CSHGCPEEA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.25
Year-over-Year Change
14.53%
Date Range
1/1/1990 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for Estonia' measures the portion of Estonia's total economic output spent on government consumption. This metric is important for economists and policymakers to assess the size and role of the public sector in the Estonian 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 share of Estonia's gross domestic product (GDP) that is attributable to government consumption expenditures. It is a key measure of the relative size of the public sector and can inform fiscal and economic policy decisions.
Methodology
The data is calculated based on national accounts statistics reported by the Estonian government.
Historical Context
Policymakers and analysts use this indicator to monitor the evolution of the public sector's economic footprint over time.
Key Facts
- Government consumption accounts for over 20% of Estonia's GDP.
- Estonia's government consumption share has remained relatively stable in recent years.
- The public sector plays a significant role in the Estonian economy.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the portion of Estonia's total economic output that is attributed to government consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the size and role of the public sector in the Estonian economy, which can inform fiscal and economic policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts statistics reported by the Estonian government.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to monitor the evolution of the public sector's economic footprint over time and inform fiscal and economic policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and revision practices of the Estonian government.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Estonia (CSHGCPEEA156NRUG), retrieved from FRED.