Share of Government Consumption at Current Purchasing Power Parities for Uruguay
CSHGCPUYA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.16
Year-over-Year Change
45.24%
Date Range
1/1/1950 - 1/1/2019
Summary
The Share of Government Consumption at Current Purchasing Power Parities for Uruguay measures the portion of a country's total GDP spent on government consumption. This statistic is important for economists and policymakers to understand fiscal policy and budget allocation.
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 a country's total GDP that is accounted for by government consumption expenditures. It is a useful metric for evaluating the size and role of the public sector within a national economy.
Methodology
The data is calculated by the World Bank using purchasing power parity exchange rates and national accounts data.
Historical Context
Policymakers and analysts use this trend to assess a government's fiscal policy and spending priorities.
Key Facts
- Uruguay's government consumption share was 13.8% in 2021.
- The trend has remained relatively stable over the past decade.
- Government consumption is a component of a country's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of a country's total GDP that is accounted for by government consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating the size and role of the public sector within a national economy and assessing a government's fiscal policy and spending priorities.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using purchasing power parity exchange rates and national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess a government's fiscal policy and spending priorities.
Q: Are there update delays or limitations?
A: The data is published annually with some delay, and may not capture short-term fluctuations in government consumption.
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Citation
U.S. Federal Reserve, Share of Government Consumption at Current Purchasing Power Parities for Uruguay (CSHGCPUYA156NRUG), retrieved from FRED.