Share of Government Consumption at Current Purchasing Power Parities for Fiji
CSHGCPFJA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.18
Year-over-Year Change
-17.31%
Date Range
1/1/1960 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for Fiji' measures the proportion of total GDP spent on government consumption in Fiji. This metric is vital for understanding the role of the public sector in the Fijian 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 trend represents the percentage of Fiji's GDP that is consumed by the government, based on purchasing power parity (PPP) adjustments. It provides insight into the size and influence of the public sector relative to the overall economy.
Methodology
The data is collected by the World Bank using established national accounts standards.
Historical Context
Economists and policymakers analyze this metric to assess the fiscal policy stance and the allocation of resources in the Fijian economy.
Key Facts
- Fiji's government consumption share averaged 15.7% of GDP from 2010-2020.
- The government consumption share reached a high of 17.2% in 2020.
- Fiji's government consumption share is lower than the global average of around 18%.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Fiji's total GDP that is consumed by the government, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and role of the public sector in the Fijian economy, which is important for assessing fiscal policy and the allocation of resources.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank using established national accounts standards.
Q: How is this trend used in economic policy?
A: Economists and policymakers analyze this metric to understand the fiscal policy stance and the size of the government's role in the Fijian economy.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent year may not be available immediately.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Fiji (CSHGCPFJA156NRUG), retrieved from FRED.