Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Sweden
KGPPPGSEA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.74
Year-over-Year Change
-22.02%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic indicator measures the government consumption share of purchasing power parity (PPP) converted GDP per capita for Sweden, adjusting for inflation. It is a key metric for analyzing the role of government spending in Sweden'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 tracks the proportion of a country's economic output that is attributed to government spending on goods and services. This provides insight into the size and influence of the public sector within the broader economy.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
Policymakers and economists use this indicator to assess Sweden's fiscal policy and the government's role in the economy.
Key Facts
- Sweden's government consumption share of GDP was 25.7% in 2021.
- This indicator has trended downward in Sweden since the 1980s.
- Government spending accounts for a larger portion of GDP in Sweden compared to many other OECD countries.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of Sweden's GDP that is attributed to government consumption of goods and services, 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 metric for understanding the role of the public sector in Sweden's economy and the extent of government involvement in economic activity.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess Sweden's fiscal policy and the government's role in the economy, which informs decisions around taxation, spending, and the size of the public sector.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be a delay in accessing the most recent figures. The indicator also does not provide a breakdown of different types of 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 Sweden (KGPPPGSEA156NUPN), retrieved from FRED.