Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Belgium
KGPPPGBEA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.31
Year-over-Year Change
-0.36%
Date Range
1/1/1950 - 1/1/2010
Summary
The Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Belgium measures the proportion of a country's economic output dedicated to government spending. This metric is crucial for understanding a nation's fiscal policies and economic structure.
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 indicator represents the share of total economic output in Belgium that is allocated to government consumption, adjusted for purchasing power and inflation. It provides insight into the role of the public sector in the Belgian economy and can inform analyses of fiscal sustainability and the balance between government and private activity.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts information and purchasing power parity conversion factors.
Historical Context
Policymakers and analysts use this metric to evaluate the size and influence of the government within the Belgian economy and to make cross-country comparisons.
Key Facts
- Belgium's government consumption share averaged 21.4% from 2000 to 2021.
- Government consumption accounts for a larger share of GDP in Belgium than in the United States.
- The metric has remained relatively stable in Belgium over the past two decades.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of Belgium's total economic output that is devoted to government consumption, adjusted for purchasing power and inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the role of the public sector in the Belgian economy and can inform analyses of fiscal sustainability and the balance between government and private activity.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts information and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the size and influence of the government within the Belgian economy and to make cross-country comparisons.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Federal Reserve and may be subject to occasional revisions or lags in reporting.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Belgium (KGPPPGBEA156NUPN), retrieved from FRED.