Share of Government Consumption at Current Purchasing Power Parities for United Kingdom
CSHGCPGBA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.20
Year-over-Year Change
11.64%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for United Kingdom' measures the proportion of total economic output spent on government consumption in the UK. This metric is important for economists and policymakers to assess the size and role of the public sector in the 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 series represents the share of government consumption as a percentage of total gross domestic product (GDP) in the United Kingdom, adjusted for differences in purchasing power between countries. It provides insight into the government's economic footprint and the degree of public sector involvement in the national economy.
Methodology
The data is calculated based on national accounts statistics reported by the UK government.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to analyze fiscal policy and the size of the public sector.
Key Facts
- The UK government's share of GDP was 19.3% in 2021.
- This metric has declined from over 21% in the early 2010s.
- Government consumption is one component of total GDP expenditure.
FAQs
Q: What does this economic trend measure?
A: This series measures the share of total economic output in the United Kingdom that is accounted for by government consumption expenditures.
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 UK economy, which is relevant for fiscal policy analysis and assessing the government's economic footprint.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts statistics reported by the UK government.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international organizations to analyze fiscal policy and the size of the public sector in the UK economy.
Q: Are there update delays or limitations?
A: The data is published on a regular basis with minimal delays, providing timely insights into trends in government consumption in the UK.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for United Kingdom (CSHGCPGBA156NRUG), retrieved from FRED.