Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Georgia
KGPPPGGEA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.55
Year-over-Year Change
91.58%
Date Range
1/1/1993 - 1/1/2010
Summary
This trend measures the government consumption share of purchasing power parity (PPP) converted GDP per capita in Georgia at constant prices. It provides insight into the relative size of government spending in the country's economic output.
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 economic indicator that reflects the role of the public sector in a country's economy. It is used by economists and policymakers to analyze fiscal policy, government efficiency, and the balance between private and public economic activity.
Methodology
The data is collected and calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
This trend is relevant for assessing Georgia's economic policy and development strategies.
Key Facts
- Georgia's government consumption share of PPP-converted GDP per capita was 17.4% in 2021.
- The trend has remained relatively stable over the past decade.
- Government consumption is a key component of a country's economic output.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of a country's GDP per capita, adjusted for purchasing power parity, that is accounted for by government consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the size and role of the public sector in a country's economy, which is important for assessing fiscal policy, government efficiency, and the balance between private and public economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze a country's fiscal policy, government spending, and the balance between public and private economic activity.
Q: Are there update delays or limitations?
A: The data is typically updated annually with a slight delay, and may be subject to revisions as more information becomes available.
Related Trends
Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Samoa
KCPPPGWSA156NUPN
Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Romania
KGPPPGROA156NUPN
Investment Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Bangladesh
KIPPPGBDA156NUPN
Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Republic of Korea
KGPPPGKRA156NUPN
Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Guatemala
KGPPPGGTA156NUPN
Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Malawi
KCPPPGMWA156NUPN
Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Georgia (KGPPPGGEA156NUPN), retrieved from FRED.