Share of Government Consumption at Current Purchasing Power Parities for Mexico
CSHGCPMXA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.17
Year-over-Year Change
23.71%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for Mexico' measures the portion of Mexico's total economic output spent on government consumption. This metric is important for evaluating the role of the public sector in the Mexican 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 represents the share of government consumption expenditure in Mexico's total GDP measured at current purchasing power parities. It provides insight into the size and influence of the government in the Mexican economy compared to private consumption and investment.
Methodology
The data is calculated by the OECD based on national accounts statistics.
Historical Context
Policymakers and economists use this metric to assess fiscal policy, government spending priorities, and the overall role of the public sector in Mexico's economic development.
Key Facts
- The series dates back to 1960.
- Government consumption is around 12% of Mexico's GDP.
- The share has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the portion of Mexico's total economic output that is spent on government consumption, such as public sector wages and purchases of goods and services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the role of the public sector in the Mexican economy and is relevant for evaluating fiscal policy, government spending priorities, and the balance between government and private activity.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD based on national accounts statistics from the Mexican government.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the size and influence of the government in Mexico's economy, which informs decisions around fiscal policy, government spending, and the balance between public and private economic activity.
Q: Are there update delays or limitations?
A: The data is updated annually with a delay of approximately one year. There may also be revisions to historical data over time as Mexico's national accounts are updated.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Mexico (CSHGCPMXA156NRUG), retrieved from FRED.