Share of Government Consumption at Current Purchasing Power Parities for Slovakia
CSHGCPSKA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.28
Year-over-Year Change
12.07%
Date Range
1/1/1990 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for Slovakia' measures the proportion of a country's total GDP that is accounted for by government consumption expenditures. This metric is important for economists and policymakers to assess the role of the public sector in a nation'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 consumption within Slovakia's gross domestic product, adjusted for differences in purchasing power between countries. It provides insight into the size and influence of the public sector relative to the overall economy.
Methodology
The data is calculated by the OECD using national accounts information and purchasing power parity exchange rates.
Historical Context
This metric is widely used by analysts and policymakers to evaluate a country's fiscal policies and the government's role in economic activity.
Key Facts
- Slovakia's government consumption share was 18.1% in 2021.
- The metric has declined from over 20% in the early 2000s.
- Government consumption is a key component of GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of Slovakia's GDP that is accounted for by government consumption expenditures, adjusted for differences in purchasing power between countries.
Q: Why is this trend relevant for users or analysts?
A: The share of government consumption is an important metric for evaluating the size and role of the public sector within a nation's economy, which is crucial information for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The OECD calculates this metric using national accounts data and purchasing power parity exchange rates.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this indicator to assess a country's fiscal policies and the government's influence on overall economic activity.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent year may not be immediately available.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Slovakia (CSHGCPSKA156NRUG), retrieved from FRED.