Share of Government Consumption at Current Purchasing Power Parities for Serbia
CSHGCPRSA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.28
Year-over-Year Change
2.37%
Date Range
1/1/1990 - 1/1/2019
Summary
The Share of Government Consumption at Current Purchasing Power Parities for Serbia measures the proportion of a country's total GDP that is attributed to government consumption expenditures. This metric is useful for economic analysts and policymakers in evaluating the role of the public sector within Serbia'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 represents the share of government final consumption expenditure in Serbia's total GDP, adjusted for purchasing power differences across countries. It provides insight into the size and influence of the public sector within the overall Serbian economy.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Historical Context
Governments and economic analysts use this metric to assess the size and role of the public sector within a national economy.
Key Facts
- Serbia's government consumption expenditure was 17.4% of GDP in 2020.
- The government consumption share has declined from a high of 19.7% in 2013.
- Serbia's public sector is smaller than the OECD average of around 20% of GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of Serbia's total GDP that is attributed to government consumption expenditures, adjusted for purchasing power differences across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and influence of the public sector within the Serbian economy, which is useful for economic analysts and policymakers.
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: Governments and economic analysts use this metric to assess the size and role of the public sector within Serbia's national economy.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a potential delay of 1-2 years in availability.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Serbia (CSHGCPRSA156NRUG), retrieved from FRED.