Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Nigeria
KGPPPGNGA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.08
Year-over-Year Change
707.47%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the share of government consumption in Nigeria's purchasing power parity (PPP) converted GDP per capita at constant prices. It provides insights into the role of the public sector in the country's economic activity.
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 is an important indicator for analyzing a nation's economic structure and the size of its public sector. It represents the percentage of total economic output that is consumed by the government rather than by households or businesses.
Methodology
The data is collected and calculated by the World Bank using national accounts and PPP conversion factors.
Historical Context
This trend is relevant for policymakers and economists studying Nigeria's fiscal and economic policies.
Key Facts
- Nigeria's government consumption share of GDP was 7.31% in 2021.
- The trend has declined from a high of 12.58% in 1970.
- Government consumption is a component of GDP, along with private consumption, investment, and net exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of government consumption in Nigeria's total GDP, after adjusting for purchasing power parity (PPP).
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 country's economy, which is relevant for policymakers and economists studying fiscal and economic policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and PPP conversion factors.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to analyze the size and role of the government in Nigeria's economy, which can inform fiscal and economic policy decisions.
Q: Are there update delays or limitations?
A: The data may have a delay of several months before being published, and it may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Nigeria (KGPPPGNGA156NUPN), retrieved from FRED.