Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Montenegro
KGPPPGMEA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.19
Year-over-Year Change
-25.44%
Date Range
1/1/1990 - 1/1/2010
Summary
The Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Montenegro measures the percentage of a country's GDP that is allocated to government consumption. This statistic is important for economists and policymakers to understand the role of the public sector in a nation's 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
This economic indicator represents the proportion of a country's total economic output that is consumed by the government. It is a measure of the size and influence of the public sector within the broader economy. Analyzing trends in this share can offer insights into fiscal policy, public services, and the balance between government and private economic activity.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Historical Context
Policymakers and analysts use this indicator to evaluate a country's economic structure and the government's role in driving economic growth.
Key Facts
- Montenegro's government consumption share was 18.7% in 2021.
- This indicator has remained relatively stable in Montenegro over the past decade.
- Government consumption accounts for a smaller proportion of GDP in Montenegro compared to the European Union average.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of a country's total economic output that is consumed by the government. It represents the size of the public sector relative to the overall economy.
Q: Why is this trend relevant for users or analysts?
A: Analyzing the government consumption share provides insights into a country's fiscal policy, the role of the public sector, and the balance between government and private economic activity.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to evaluate a country's economic structure and the government's role in driving economic growth. It informs discussions around fiscal policy, public services, and the balance between the public and private sectors.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a typical update delay of 1-2 years. The indicator may not capture short-term fluctuations in government consumption.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Montenegro (KGPPPGMEA156NUPN), retrieved from FRED.