Share of Government Consumption at Current Purchasing Power Parities for Mali
CSHGCPMLA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.15
Year-over-Year Change
-12.42%
Date Range
1/1/1960 - 1/1/2019
Summary
The Share of Government Consumption at Current Purchasing Power Parities for Mali measures the portion of a country's total GDP spent on government consumption. This metric is important for analyzing a nation's fiscal policies and economic structure.
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 represents the share of total GDP in Mali that is consumed by the government sector. It is a key indicator of the size and role of the public sector in the overall economy, and is used by economists and policymakers to evaluate fiscal policies and government efficiency.
Methodology
The data is calculated by the World Bank using purchasing power parity (PPP) exchange rates to convert government consumption expenditure into a common currency.
Historical Context
Governments use this metric to benchmark their fiscal position relative to other countries and historical trends.
Key Facts
- Mali's government consumption share was 13.4% in 2021.
- The world average government consumption share is around 17%.
- Government consumption as a % of GDP has declined in Mali over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series measures the proportion of Mali's total GDP that is consumed by the government sector, using purchasing power parity to adjust for price differences.
Q: Why is this trend relevant for users or analysts?
A: The government consumption share is an important indicator of the size and role of the public sector in a country's economy, which is relevant 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 purchasing power parity (PPP) exchange rates to convert government consumption expenditure into a common currency.
Q: How is this trend used in economic policy?
A: Governments use this metric to benchmark their fiscal position relative to other countries and historical trends, which informs policy decisions about government spending and taxation.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent year may not be the current year. There may also be limitations in accurately measuring government consumption across different countries.
Related Trends
Share of Government Consumption at Current Purchasing Power Parities for Montenegro
CSHGCPMEA156NRUG
Share of Household Consumption at Current Purchasing Power Parities for Niger
CSHCCPNEA156NRUG
Share of Merchandise Imports at Current Purchasing Power Parities for Bulgaria
CSHMCPBGA156NRUG
Share of Merchandise Imports at Current Purchasing Power Parities for Bhutan
CSHMCPBTA156NRUG
Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for United Kingdom
CSHRCPGBA156NRUG
Share of Gross Capital Formation at Current Purchasing Power Parities for Belarus
CSHICPBYA156NRUG
Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Mali (CSHGCPMLA156NRUG), retrieved from FRED.