Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Sao Tome and Principe
KGPPPGSTA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.89
Year-over-Year Change
135.60%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures government consumption as a share of purchasing power parity (PPP) converted GDP per capita for Sao Tome and Principe. It provides insights into the relative size of the public sector in the country's 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 PPP-converted GDP per capita is a key indicator used by economists and policymakers to analyze the role of the public sector in a national economy. It reflects the portion of economic output that is consumed by the government rather than by private individuals or businesses.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
This metric is widely referenced to evaluate a country's fiscal policy and the size of its public sector relative to its overall economic activity.
Key Facts
- Sao Tome and Principe's government consumption share was 18.6% in 2021.
- The trend has declined from a high of 24.3% in 2002.
- Government consumption is a significant component of the country's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of a country's GDP that is consumed by the government, rather than by private individuals or businesses. It provides insights into the relative size of the public sector in the economy.
Q: Why is this trend relevant for users or analysts?
A: The government consumption share of GDP is a key indicator used by economists and policymakers to analyze a country's fiscal policy and the role of the public sector in the economy.
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 metric is widely referenced to evaluate a country's fiscal policy and the size of its public sector relative to its overall economic activity, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is typically updated annually with a lag, and may be subject to revisions by the collecting agency.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Sao Tome and Principe (KGPPPGSTA156NUPN), retrieved from FRED.