Share of Government Consumption at Current Purchasing Power Parities for Peru
CSHGCPPEA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.16
Year-over-Year Change
61.59%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for Peru' measures the relative size of government spending in Peru's economy. This metric is important for economists and policymakers to assess the role of the public sector and evaluate fiscal policies.
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 represents the percentage of Peru's total consumption expenditure that is attributable to government consumption. It provides insight into the scale and influence of the public sector within the broader Peruvian economy.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
Analysts and policymakers use this indicator to monitor Peru's fiscal position and make comparisons to other countries.
Key Facts
- Peru's government consumption share was 11.3% in 2021.
- This indicator has fluctuated between 10-15% over the past decade.
- Peru's government consumption share is lower than the OECD average of around 20%.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the percentage of total consumption expenditure in Peru that is attributable to government consumption, providing insight into the size of the public sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating Peru's fiscal position and the role of the government in the economy, which is relevant for economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this indicator to monitor Peru's fiscal position and make comparisons to other countries, which can inform policy decisions related to government spending and taxation.
Q: Are there update delays or limitations?
A: The data is updated annually, with a potential delay of 1-2 years. The indicator may not capture all aspects of government involvement in the economy.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Peru (CSHGCPPEA156NRUG), retrieved from FRED.