Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Brunei
KGPPPGBNA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.11
Year-over-Year Change
25.21%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures Brunei's government consumption as a share of its purchasing power parity (PPP)-converted GDP per capita at constant prices. It provides insights into the size and role of the public sector in 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
The government consumption share of PPP-converted GDP per capita is an important indicator of the relative size of public spending in a country's economy. It reflects the portion of economic output consumed by the government, which has implications for fiscal policy, economic structure, and development.
Methodology
The data is calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
This trend is closely monitored by economists and policymakers to assess Brunei's economic structure and the government's role in resource allocation.
Key Facts
- Brunei's government consumption share of PPP-converted GDP per capita was 25.6% in 2021.
- The trend has remained relatively stable over the past decade, ranging from 23% to 27%.
- Brunei's public sector plays a significant role in its resource-based economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Brunei's GDP per capita, adjusted for purchasing power parity, that is consumed by the government sector.
Q: Why is this trend relevant for users or analysts?
A: The government consumption share of PPP-converted GDP per capita is an important indicator of the role and size of the public sector in Brunei's economy, with implications for fiscal policy, economic structure, 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 conversion factors.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this trend to assess Brunei's economic structure and the government's role in resource allocation and public spending.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent year may not be immediately available.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Brunei (KGPPPGBNA156NUPN), retrieved from FRED.