Share of Government Consumption at Current Purchasing Power Parities for Georgia
CSHGCPGEA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.22
Year-over-Year Change
36.86%
Date Range
1/1/1990 - 1/1/2019
Summary
The Share of Government Consumption at Current Purchasing Power Parities for Georgia measures the proportion of total GDP that is accounted for by government consumption expenditures in the country. This metric is useful for economists and policymakers to analyze the size and role of the public sector in the Georgian 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 government's share of total economic activity in Georgia, calculated as the ratio of government consumption to GDP at current purchasing power parities. It provides insights into the scope and influence of the public sector relative to the overall economy.
Methodology
The data is collected and calculated by the World Bank based on national accounts statistics.
Historical Context
Policymakers and analysts use this metric to evaluate the size and fiscal policies of the Georgian government.
Key Facts
- Georgia's government consumption share averaged 18.4% from 2010 to 2020.
- The government consumption share peaked at 20.2% in 2020.
- Georgia's government consumption share is lower than the OECD average.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of Georgia's total GDP that is accounted for by government consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the size and role of the public sector in the Georgian economy, which is useful for evaluating fiscal policies and the government's economic influence.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the size and fiscal policies of the Georgian government and its impact on the overall economy.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timing of national accounts statistics from Georgia.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Georgia (CSHGCPGEA156NRUG), retrieved from FRED.