Share of Government Consumption at Current Purchasing Power Parities for United States
CSHGCPUSA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.11
Year-over-Year Change
6.83%
Date Range
1/1/1950 - 1/1/2019
Summary
The Share of Government Consumption at Current Purchasing Power Parities for the United States measures the relative size of government consumption within the country'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 provides insight into the role of government spending and its relative contribution to overall economic activity. It is an important metric for analyzing fiscal policy and the public sector's impact on the broader economy.
Methodology
The data is calculated based on purchasing power parity (PPP) exchange rates and national accounts statistics.
Historical Context
Policymakers and analysts use this trend to evaluate the size and influence of the government sector within the U.S. economy.
Key Facts
- Government consumption accounted for 17.4% of U.S. GDP in 2021.
- The share of government consumption has remained relatively stable over the past decade.
- Comparing this metric across countries provides insights into the role of the public sector.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the share of government consumption within the United States' economy, expressed as a percentage of total GDP.
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 influence of the public sector, which is relevant for fiscal policy analysis and understanding the composition of economic activity.
Q: How is this data collected or calculated?
A: The data is calculated based on purchasing power parity (PPP) exchange rates and national accounts statistics provided by government statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the role of government spending within the broader economy, which informs fiscal policy decisions and the analysis of public sector impacts.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for United States (CSHGCPUSA156NRUG), retrieved from FRED.