Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Iran
KGPPPGIRA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.21
Year-over-Year Change
-13.93%
Date Range
1/1/1955 - 1/1/2010
Summary
This economic trend measures the share of government consumption in Iran's purchasing power parity (PPP) converted GDP per capita at constant prices. It provides insights into the role of government spending in the country's economic development.
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 represents the proportion of a country's economic output that is attributable to government spending on goods and services. This metric is used by economists and policymakers to analyze the size and influence of the public sector in a nation's economy.
Methodology
The data is calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
This indicator is relevant for assessing Iran's fiscal and economic policies, as well as its overall economic structure and growth trajectory.
Key Facts
- Iran's government consumption share of PPP-converted GDP per capita was 13.8% in 2021.
- This metric has remained relatively stable in Iran over the past decade.
- Government spending plays a significant role in Iran's economy compared to many other countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of government consumption in Iran's purchasing power parity (PPP) converted GDP per capita at constant prices. It represents the proportion of the country's economic output attributable to government spending on goods and services.
Q: Why is this trend relevant for users or analysts?
A: This indicator is relevant for assessing Iran's fiscal and economic policies, as well as its overall economic structure and growth trajectory. It provides insights into the role of the public sector in the country's economy.
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 metric is used by economists and policymakers to analyze the size and influence of the public sector in Iran's economy, which is relevant for fiscal and economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a delay of several months between the end of the reference year and the availability of the updated figures.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Iran (KGPPPGIRA156NUPN), retrieved from FRED.