Share of Government Consumption at Current Purchasing Power Parities for Jamaica
CSHGCPJMA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.18
Year-over-Year Change
-20.05%
Date Range
1/1/1953 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for Jamaica' measures the proportion of total consumption expenditure in Jamaica that is attributable to government spending. This metric is crucial for economists and policymakers to assess the size and role of the public sector in the Jamaican 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 economic indicator represents the government's share of total domestic consumption, adjusted for differences in purchasing power across countries. It provides insights into the scale of public services and programs relative to the overall economy, which is important for fiscal and macroeconomic analysis.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
Policymakers and analysts utilize this metric to evaluate the size and influence of the government in Jamaica's economy.
Key Facts
- Jamaica's government consumption share was 17.3% in 2021.
- This metric has remained relatively stable over the past decade.
- The government consumption share is lower in Jamaica than the global average.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of total consumption expenditure in Jamaica that is attributable to government spending, adjusted for differences in purchasing power.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the scale of public services and programs relative to the overall Jamaican economy, which is important for fiscal and macroeconomic analysis.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts utilize this metric to evaluate the size and influence of the government in Jamaica's economy.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in reporting due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Jamaica (CSHGCPJMA156NRUG), retrieved from FRED.