Share of Government Consumption at Current Purchasing Power Parities for Sri Lanka
CSHGCPLKA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.18
Year-over-Year Change
22.08%
Date Range
1/1/1950 - 1/1/2019
Summary
The Share of Government Consumption at Current Purchasing Power Parities for Sri Lanka measures the portion of the country's total economic output that is consumed by 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 series provides insights into the size and role of the public sector within Sri Lanka's economy. It is an important indicator used by economists and policymakers to analyze fiscal policy, government efficiency, and the overall economic structure.
Methodology
The data is calculated based on national accounts statistics and purchasing power parity exchange rates.
Historical Context
Tracking this metric helps inform decisions around government spending, taxation, and the balance between public and private economic activity.
Key Facts
- Sri Lanka's government consumption share was 7.3% in 2021.
- The metric has remained relatively stable over the past decade.
- Government consumption is a smaller portion of GDP in Sri Lanka compared to many developed economies.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the share of Sri Lanka's total economic output that is consumed by the government sector, providing insights into the size and role of public spending.
Q: Why is this trend relevant for users or analysts?
A: Monitoring the government consumption share is important for understanding a country's fiscal policy, the balance between public and private economic activity, and the overall structure of the economy.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts statistics and purchasing power parity exchange rates.
Q: How is this trend used in economic policy?
A: This metric helps inform decisions around government spending, taxation, and the balance between public and private economic activity.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Sri Lanka (CSHGCPLKA156NRUG), retrieved from FRED.