Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Belize
KGPPPGBZA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.38
Year-over-Year Change
-1.80%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures government consumption as a share of GDP in Belize, adjusted for purchasing power parity. It provides insights into the size and role of the public sector in the Belizean 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 Purchasing Power Parity Converted GDP Per Capita metric tracks the proportion of a country's economic output that is consumed by the government. This indicator offers valuable context for analyzing the size and scope of public spending relative to the broader economy.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
Policymakers and analysts use this indicator to assess fiscal policy, the role of government, and economic development in Belize.
Key Facts
- Belize's government consumption was 13.78% of GDP in 2021.
- This metric has remained relatively stable in Belize over the past decade.
- The government consumption share is lower in Belize than the global average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of Belize's total economic output that is consumed by the government, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the role and size of the public sector in the Belizean economy, which is important for assessing fiscal policy and economic 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: Policymakers and analysts use this indicator to evaluate the scope of government spending and its implications for Belize's fiscal policy and economic growth.
Q: Are there update delays or limitations?
A: There may be delays in data reporting, and the metric may not capture all forms of government consumption or investment.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Belize (KGPPPGBZA156NUPN), retrieved from FRED.