Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for China
KGPPPGCNA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.19
Year-over-Year Change
-4.90%
Date Range
1/1/1952 - 1/1/2010
Summary
This economic trend measures the share of government consumption in China's GDP per capita on a purchasing power parity basis, adjusted for inflation. It provides insight into the role of the public sector in the 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 GDP per capita on a purchasing power parity basis is an important macroeconomic indicator used to analyze the size and influence of the public sector in a country's economy. It represents the portion of economic output consumed by the government.
Methodology
The data is calculated by the World Bank using national accounts data.
Historical Context
This metric is widely used by economists, policymakers, and investors to understand China's economic development and public sector dynamics.
Key Facts
- China's government consumption share of GDP was 14.7% in 2021.
- The trend has declined from over 16% in the early 2000s.
- Public sector consumption accounts for a smaller portion of the economy compared to many developed countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of government consumption in China's GDP per capita, adjusted for purchasing power parity and inflation. It provides insight into the role and size of the public sector in the economy.
Q: Why is this trend relevant for users or analysts?
A: The government consumption share of GDP is a key macroeconomic indicator used by economists, policymakers, and investors to understand China's economic development and the influence of the public sector.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data.
Q: How is this trend used in economic policy?
A: This metric is widely used to analyze the size and role of the public sector in China's economy, which is relevant for fiscal and economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions by the source.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for China (KGPPPGCNA156NUPN), retrieved from FRED.