Share of Government Consumption at Current Purchasing Power Parities for Guinea-Bissau
CSHGCPGWA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.20
Year-over-Year Change
-17.93%
Date Range
1/1/1960 - 1/1/2019
Summary
The share of government consumption at current purchasing power parities for Guinea-Bissau measures the proportion of a country's total consumption expenditure that is attributed to the government 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 provides insight into the role and size of the public sector in Guinea-Bissau's economy. It is used by economists and policymakers to analyze fiscal policy, government efficiency, and the balance between public and private consumption.
Methodology
The data is calculated by the World Bank using national accounts data.
Historical Context
This trend is relevant for assessing the size and involvement of the government in Guinea-Bissau's economy.
Key Facts
- Guinea-Bissau's government consumption share was 12.7% in 2020.
- The trend has declined from a high of 17.3% in 2001.
- Government consumption is a key component of a country's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Guinea-Bissau's total consumption expenditure that is attributed to the government sector.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the role and size of the public sector in Guinea-Bissau's economy, which is important for analyzing fiscal policy, government efficiency, and the balance between public and private consumption.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and economists assessing the size and involvement of the government in Guinea-Bissau's economy.
Q: Are there update delays or limitations?
A: The data may be subject to update delays or limitations typical of national accounts data.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Guinea-Bissau (CSHGCPGWA156NRUG), retrieved from FRED.