Share of Government Consumption at Current Purchasing Power Parities for Sierra Leone
CSHGCPSLA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.18
Year-over-Year Change
41.31%
Date Range
1/1/1961 - 1/1/2019
Summary
The 'Share of Government Consumption at Current Purchasing Power Parities for Sierra Leone' measures the relative size of government spending in Sierra Leone's economy. This metric is important for analyzing a country's fiscal policy and economic development.
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 proportion of Sierra Leone's total consumption expenditure that is attributable to government spending, adjusted for purchasing power differences across countries. Economists use this data to assess the role of the public sector in the country's economic activity.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity information.
Historical Context
Policymakers and analysts monitor this trend to understand Sierra Leone's fiscal policy orientation and the government's role in driving economic growth.
Key Facts
- Sierra Leone's government consumption share was 10.7% in 2020.
- The indicator has declined from a high of 12.7% in 2010.
- Sierra Leone's government consumption is low compared to the global average.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of Sierra Leone's total consumption expenditure that is attributable to government spending, adjusted for purchasing power differences across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for analyzing Sierra Leone's fiscal policy orientation and the role of the public sector in driving economic activity and development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to understand Sierra Leone's fiscal policy and the government's role in the economy, which informs economic and development strategies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be a delay in accessing the most recent information.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Sierra Leone (CSHGCPSLA156NRUG), retrieved from FRED.