Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Kenya
KGPPPGKEA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.04
Year-over-Year Change
-15.50%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the government's share of total economic output in Kenya, adjusted for purchasing power and inflation. It provides insights into the role of the public sector in the Kenyan 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 Purchasing Power Parity Converted GDP Per Capita for Kenya represents the proportion of the country's economic output that is consumed by the government. This metric is useful for comparing the size and influence of the public sector across different economies.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
This trend is important for policymakers and analysts assessing the fiscal policies and economic structure of Kenya.
Key Facts
- Kenya's government consumption share of GDP was 15.8% in 2021.
- The metric has remained relatively stable over the past decade.
- Government spending plays a significant role in the Kenyan economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Kenya's total economic output that is consumed by the government. It provides insight into the size and role of the public sector in the country's economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for comparing the relative size of the government sector across different economies and over time. It helps analysts and policymakers assess the fiscal policies and economic structure of Kenya.
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 policymakers and economists to evaluate the role of the government in the Kenyan economy and to inform fiscal and economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with some potential delays in availability.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Kenya (KGPPPGKEA156NUPN), retrieved from FRED.