Share of Government Consumption at Current Purchasing Power Parities for Suriname
CSHGCPSRA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.23
Year-over-Year Change
89.19%
Date Range
1/1/1970 - 1/1/2019
Summary
The Share of Government Consumption at Current Purchasing Power Parities for Suriname measures the proportion of total economic output spent on government consumption. This metric is important for economists and policymakers to understand the role of the public sector in the Surinamese 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 series represents the share of gross domestic product (GDP) that is accounted for by government consumption expenditures in Suriname. It is a useful indicator of the size and involvement of the public sector in the national economy.
Methodology
The data is calculated by the World Bank using purchasing power parity (PPP) exchange rates to facilitate cross-country comparisons.
Historical Context
This trend can inform assessments of Suriname's fiscal policy and the government's role in economic activity.
Key Facts
- Government consumption is 10.7% of Suriname's GDP.
- Suriname's government consumption share is lower than the global average.
- This metric has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Suriname's total economic output that is accounted for by government consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the role of the public sector in the Surinamese economy and can inform assessments of fiscal policy and government involvement in economic activity.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using purchasing power parity (PPP) exchange rates to facilitate cross-country comparisons.
Q: How is this trend used in economic policy?
A: This trend can be used by economists and policymakers to evaluate Suriname's fiscal policy and the government's role in the national economy.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a delay of up to a year before the most recent information is available.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Suriname (CSHGCPSRA156NRUG), retrieved from FRED.