Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Philippines
KGPPPGPHA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.14
Year-over-Year Change
-22.41%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the government consumption share of GDP per capita in the Philippines, adjusted for purchasing power parity. It provides insights into the role of government spending 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 GDP per capita is an important indicator of a country's fiscal policy and the relative size of its public sector. This data series allows for cross-country comparisons of government consumption levels when adjusted for differences in price levels.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
This trend is closely monitored by policymakers, economists, and international institutions to assess a country's fiscal sustainability and economic development.
Key Facts
- The government consumption share of GDP per capita in the Philippines was 10.3% in 2021.
- This metric has remained relatively stable over the past decade, fluctuating between 10-12% of GDP per capita.
- The Philippines has a lower government consumption share compared to other Southeast Asian economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the government consumption share of GDP per capita in the Philippines, adjusted for purchasing power parity. It represents the relative size of government spending in the country's economic activity.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding a country's fiscal policy, the role of the public sector, and cross-country comparisons of government consumption levels. It provides insights into economic development and sustainability.
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 closely monitored by policymakers, economists, and international institutions to assess a country's fiscal sustainability and economic development.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions by the data source.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Philippines (KGPPPGPHA156NUPN), retrieved from FRED.