Share of Government Consumption at Current Purchasing Power Parities for Lebanon
CSHGCPLBA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.31
Year-over-Year Change
65.84%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for Lebanon' measures the proportion of a country's total economic output that is accounted for by government consumption. This metric is important for economists and policymakers to assess the size and role of the public sector in a national 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 trend represents the share of government consumption in the total gross domestic product (GDP) of Lebanon, adjusted for differences in purchasing power across countries. It provides insight into the relative size and fiscal policy orientation of the Lebanese government within the broader economy.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Historical Context
Policymakers and analysts use this metric to evaluate the economic structure and fiscal policies of countries.
Key Facts
- Lebanon's government consumption share was 13.4% in 2020.
- The trend has declined from a high of 19.1% in 1990.
- Lebanon's government consumption is lower than the global average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Lebanon's total economic output that is accounted for by government consumption, adjusted for differences in purchasing power across countries.
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 Lebanese economy, which is important for evaluating fiscal policies and economic structure.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the economic structure and fiscal policies of Lebanon compared to other countries.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent year may not be immediately available.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Lebanon (CSHGCPLBA156NRUG), retrieved from FRED.