Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Spain
KGPPPGESA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.88
Year-over-Year Change
16.64%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures Spain's government consumption as a share of purchasing power parity (PPP) converted GDP per capita at constant prices. It provides insights into the relative size of government spending within the Spanish 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 role of the public sector in a country's economic output. It helps analysts and policymakers understand the balance between government and private activity in Spain's economy.
Methodology
The data is calculated by the World Bank based on national accounts information.
Historical Context
This trend is widely used by economists, market analysts, and policymakers to assess the fiscal position and economic structure of Spain.
Key Facts
- Spain's government consumption share was 18.3% in 2021.
- This share has remained relatively stable over the past decade.
- Government spending is an important component of Spain's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of Spain's total economic output, as measured by purchasing power parity (PPP) converted GDP per capita, that is accounted for by government consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: The government consumption share provides insights into the role of the public sector in Spain's economy and is an important indicator for analyzing the country's fiscal position and economic structure.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on national accounts information.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, market analysts, and policymakers to assess Spain's fiscal position and the balance between government and private activity in the economy.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a delay of approximately one year.
Related Trends
Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Austria
KCPPPGATA156NUPN
Investment Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Mexico
KIPPPGMXA156NUPN
Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Namibia
KGPPPGNAA156NUPN
Investment Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Lithuania
KIPPPGLTA156NUPN
Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Czech Republic
KCPPPGCZA156NUPN
Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Maldives
KGPPPGMVA156NUPN
Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Spain (KGPPPGESA156NUPN), retrieved from FRED.