Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Togo
KGPPPGTGA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.08
Year-over-Year Change
-25.19%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic trend measures the government consumption share of GDP per capita for Togo, adjusted for purchasing power parity. It provides insights into the size and role of the public sector in the Togolese 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 tracks the proportion of a country's economic output that is consumed by the government. This metric is useful for evaluating the relative size and influence of the public sector in a nation's economy.
Methodology
The data is calculated based on national accounts information from Togo.
Historical Context
Policymakers and analysts use this indicator to assess the fiscal policies and public spending priorities of the Togolese government.
Key Facts
- Togo's government consumption share of GDP was 12.3% in 2020.
- The indicator has declined from a high of 14.2% in 2010.
- Public spending as a percentage of GDP is lower in Togo than the regional average.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the proportion of Togo's GDP per capita that is consumed by the government, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: The government consumption share of GDP provides insights into the size and role of the public sector in the Togolese economy, which is relevant for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts information from Togo.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess the fiscal policies and public spending priorities of the Togolese government.
Q: Are there update delays or limitations?
A: There may be lags in data reporting and availability due to the nature of national accounts information.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Togo (KGPPPGTGA156NUPN), retrieved from FRED.