Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Guyana
KGPPPGGYA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.69
Year-over-Year Change
7.50%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the share of Guyana's GDP per capita that is attributed to government consumption, adjusted for purchasing power parity. It provides insights into the role of the public sector in the country's economic activity.
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 is an important indicator of a country's economic structure and the size of its public sector. It reflects the portion of national output that is consumed by the government rather than by private individuals or businesses.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
This trend is useful for analyzing the fiscal policy and public spending priorities of the Guyanese government.
Key Facts
- Guyana's government consumption share of GDP was 16.4% in 2020.
- The trend has remained relatively stable over the past decade.
- Guyana's public sector plays a significant role in the economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the portion of Guyana's GDP per capita that is attributed to government consumption, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the size and role of the public sector in Guyana's economy, which is useful for analyzing fiscal policy and government spending priorities.
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: This trend is used by economists and policymakers to assess the government's role in Guyana's economy and inform decisions on fiscal policy and public spending.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a delay of up to a year in the most recent information.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Guyana (KGPPPGGYA156NUPN), retrieved from FRED.