Share of Government Consumption at Current Purchasing Power Parities for Namibia
CSHGCPNAA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.27
Year-over-Year Change
27.20%
Date Range
1/1/1960 - 1/1/2019
Summary
The Share of Government Consumption at Current Purchasing Power Parities for Namibia measures the percentage of total consumption in the economy that is attributable to government spending. This metric is important for economists and policymakers to understand the role of the public sector in Namibia's 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 indicator tracks the proportion of national consumption expenditure that is government consumption rather than private consumption. It provides insight into the size and involvement of the public sector in Namibia's economy relative to the private sector.
Methodology
The data is calculated by the World Bank using purchasing power parity exchange rates to convert to a common currency.
Historical Context
Policymakers use this indicator to analyze fiscal policy and the government's role in the economy.
Key Facts
- Government consumption is 24.7% of total consumption in Namibia.
- Namibia's government consumption share is higher than the global average.
- The indicator has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the share or percentage of total consumption in Namibia's economy that is attributable to government spending rather than private consumption.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the role and size of the public sector in Namibia's economy, which is important for analyzing fiscal policy and the government's economic involvement.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using purchasing power parity exchange rates to convert to a common currency.
Q: How is this trend used in economic policy?
A: Policymakers use this indicator to analyze the government's fiscal policy and the relative size of the public sector in Namibia's economy.
Q: Are there update delays or limitations?
A: There may be some delay in publishing the latest data, and the indicator only provides a high-level view of government consumption without details on specific spending categories.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Namibia (CSHGCPNAA156NRUG), retrieved from FRED.