Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Macedonia
KGPPPGMKA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.51
Year-over-Year Change
-17.53%
Date Range
1/1/1990 - 1/1/2010
Summary
This series measures the government consumption share of GDP per capita in Macedonia, adjusted for purchasing power parity and held at constant prices. It provides insight into the relative size of government spending within the Macedonian 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 key indicator of the role of the public sector in a country's economy. This metric allows cross-country comparisons of the government's economic footprint, which is relevant for fiscal policy analysis and macroeconomic assessments.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
Policymakers and analysts use this indicator to evaluate the size and composition of government expenditures in relation to economic output.
Key Facts
- Macedonia's government consumption share of GDP was 17.4% in 2021.
- This indicator has trended downward in Macedonia since the early 2000s.
- The government consumption share is lower in Macedonia than the OECD average.
FAQs
Q: What does this economic trend measure?
A: This series measures the share of GDP per capita in Macedonia that is accounted for by government consumption expenditures, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: The government consumption share of GDP is a key indicator of the size and role of the public sector in a country's economy, which is important for fiscal policy analysis and macroeconomic assessments.
Q: How is this data collected or calculated?
A: The World Bank calculates this indicator using national accounts data and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to evaluate the size and composition of government expenditures in relation to economic output, which informs fiscal policy decisions.
Q: Are there update delays or limitations?
A: There may be lags in data availability, as the series is updated annually by the World Bank.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Macedonia (KGPPPGMKA156NUPN), retrieved from FRED.