Share of Government Consumption at Current Purchasing Power Parities for Kenya
CSHGCPKEA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.15
Year-over-Year Change
34.95%
Date Range
1/1/1950 - 1/1/2019
Summary
The Share of Government Consumption at Current Purchasing Power Parities for Kenya measures the percentage of total consumption expenditure attributed to government spending in the Kenyan 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 provides insights into the role of the public sector in the Kenyan economy. It can be used to analyze the government's relative size and fiscal policy, as well as to make cross-country comparisons of public sector activity.
Methodology
The data is calculated by the World Bank based on national accounts statistics.
Historical Context
Policymakers and economists use this indicator to evaluate the government's economic influence and the degree of public sector involvement.
Key Facts
- Kenya's government consumption share was 16.3% in 2021.
- The indicator has trended upward since the early 2000s.
- Government consumption is a key component of GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the percentage of total consumption expenditure in the Kenyan economy that is attributed to government spending.
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 Kenyan economy, which is relevant for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on national accounts statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to evaluate the government's economic influence and the degree of public sector involvement in the Kenyan economy.
Q: Are there update delays or limitations?
A: The data is updated annually, with a potential delay of up to two years.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Kenya (CSHGCPKEA156NRUG), retrieved from FRED.