Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Oman
KGPPPGOMA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.34
Year-over-Year Change
25.19%
Date Range
1/1/1970 - 1/1/2010
Summary
This trend measures the share of government consumption in Oman's GDP per capita at constant prices, adjusted for purchasing power parity. It provides insights into the role of the public sector in the Omani 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 economic indicator that reflects the size and influence of the public sector. It represents the percentage of total economic output that is consumed by the government, rather than by private individuals or businesses.
Methodology
This data is calculated by the World Bank based on national accounts and purchasing power parity conversion factors.
Historical Context
Economists and policymakers use this metric to assess the fiscal policies and relative size of the government in Oman's economy.
Key Facts
- Oman's government consumption share of GDP was 16.3% in 2021.
- This metric has declined from a high of 21.5% in 2014.
- The government plays a significant role in Oman's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of government consumption in Oman's GDP per capita, adjusted for purchasing power parity. It reflects the size of the public sector in the Omani economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the role of the government in Oman's economy and assessing the country's fiscal policies and public spending priorities.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on national accounts and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to analyze the relative size of the government sector and its impact on the overall economy in Oman.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a potential delay of several months.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Oman (KGPPPGOMA156NUPN), retrieved from FRED.