Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Tonga
KGPPPGTOA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.71
Year-over-Year Change
-10.01%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the government consumption share of purchasing power parity-adjusted GDP per capita in Tonga. It provides insights into the role of government spending in the Tongan 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 is an important indicator of the size and influence of the public sector within a national economy. This metric can inform assessments of fiscal policy, resource allocation, and the balance between government and private activity.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
Policymakers and analysts use this trend to evaluate the economic structure and policy stance of Tonga.
Key Facts
- Tonga's government consumption share of GDP was 18.3% in 2021.
- This metric has fluctuated between 15-20% over the past decade.
- The government plays a significant role in Tonga's economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of a country's total GDP that is accounted for by government consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and role of the public sector within a national economy, which is useful for evaluating fiscal policy, resource allocation, and the balance between government and private activity.
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: Policymakers and analysts use this trend to evaluate the economic structure and policy stance of Tonga.
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.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Tonga (KGPPPGTOA156NUPN), retrieved from FRED.