Share of Government Consumption at Current Purchasing Power Parities for Romania
CSHGCPROA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.21
Year-over-Year Change
-2.22%
Date Range
1/1/1960 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for Romania' measures the portion of Romania's total economic output that is consumed by the government. This metric is important for economists and policymakers to understand the role of the public sector in the Romanian 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 indicator represents the share of Romania's gross domestic product (GDP) that is accounted for by government consumption expenditures, adjusted for differences in purchasing power across countries. It provides insight into the size and scope of the Romanian government's role in the national economy.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Historical Context
Analysts and policymakers use this metric to assess the size of the public sector and make comparisons across countries and over time.
Key Facts
- Romania's government consumption share averaged 15.7% from 1995 to 2021.
- The government consumption share peaked at 18.2% in 2020 due to pandemic-related spending.
- Romania'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 portion of Romania's total economic output that is consumed by the government sector, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and role of the public sector in the Romanian economy, which is important for economists and policymakers to understand.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to assess the size of the public sector and make comparisons across countries and over time, which informs fiscal and economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Romania (CSHGCPROA156NRUG), retrieved from FRED.