Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Jamaica
KGPPPGJMA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.13
Year-over-Year Change
2.86%
Date Range
1/1/1953 - 1/1/2010
Summary
This economic trend measures the government's share of total economic output in Jamaica, adjusted for purchasing power and inflation. It is a key indicator of the size and role of the public sector in 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 per capita is a measure of the relative size of government spending compared to the overall economy. It provides insight into the balance between private and public economic activity, which is important for assessing fiscal policy and economic development.
Methodology
The data is calculated by the World Bank using national accounts information and purchasing power parity conversion factors.
Historical Context
This metric is widely used by policymakers, economists, and international organizations to analyze economic structures and make comparisons across countries.
Key Facts
- Jamaica's government consumption share of GDP was 15.7% in 2021.
- This metric has remained relatively stable in Jamaica over the past decade.
- The government consumption share is lower in Jamaica compared to other Caribbean nations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of a country's total economic output (GDP) that is attributed to government consumption expenditures, adjusted for purchasing power and inflation.
Q: Why is this trend relevant for users or analysts?
A: The government consumption share of GDP is an important indicator of the size and role of the public sector in a national economy, which is relevant for fiscal policy analysis and economic development assessments.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts information and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: This metric is widely used by policymakers, economists, and international organizations to analyze economic structures and make comparisons across countries.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedules and potential revisions common for national accounts 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 Jamaica (KGPPPGJMA156NUPN), retrieved from FRED.