Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Federated States of Micronesia
KGPPPGFMA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.47
Year-over-Year Change
-3.44%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic indicator measures the government's share of total purchasing power parity-adjusted GDP per capita for the Federated States of Micronesia, adjusted for inflation. It provides insight into the relative size of the public sector within the national 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 is a key metric used by economists and policymakers to analyze the role of the public sector in a country's economic activity. It reflects the proportion of total economic output consumed by government, including spending on public services and administration.
Methodology
The data is calculated based on national accounts statistics reported by the Federated States of Micronesia government.
Historical Context
This indicator helps contextualize the size and influence of the public sector relative to the overall economy.
Key Facts
- The government consumption share of GDP for Federated States of Micronesia was 58.8% in 2020.
- This metric has trended upward over the past decade, rising from 54.3% in 2010.
- The public sector accounts for a significantly larger share of economic activity in Micronesia compared to many other small island developing states.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the share of total GDP in the Federated States of Micronesia that is accounted for by government consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: The government consumption share of GDP is a key metric used by economists and policymakers to assess the role and size of the public sector within a national economy.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts statistics reported by the Federated States of Micronesia government.
Q: How is this trend used in economic policy?
A: This indicator helps contextualize the scale of government involvement in the economy and can inform fiscal and economic policy decisions.
Q: Are there update delays or limitations?
A: There may be lags in data reporting and potential revisions to historical figures by the Federated States of Micronesia government.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Federated States of Micronesia (KGPPPGFMA156NUPN), retrieved from FRED.