Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for United States
KGPPPGUSA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.20
Year-over-Year Change
11.37%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic indicator measures the share of government consumption in a country's purchasing power parity-adjusted GDP per capita. It provides insights into the size and role of the public sector in the overall 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 represents the percentage of a country's total economic output that is consumed by the government. This metric is useful for analyzing the relative size and influence of the public sector compared to the private sector.
Methodology
The data is calculated by the World Bank using purchasing power parity conversion factors and GDP per capita.
Historical Context
This trend is widely used by economists, policymakers, and analysts to assess a country's fiscal policies and the balance between government and private economic activity.
Key Facts
- The U.S. government consumption share of GDP was 16.3% in 2021.
- Government consumption includes spending on public services, defense, and social benefits.
- The government consumption share has remained relatively stable in the U.S. over the past two decades.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the percentage of a country's total economic output that is consumed by the government, as opposed to private consumption or investment.
Q: Why is this trend relevant for users or analysts?
A: The government consumption share of GDP provides insights into the role and size of the public sector in the economy, which is useful for analyzing fiscal policies and the balance between government and private economic activity.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using purchasing power parity conversion factors and GDP per capita.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this indicator to assess a country's fiscal policies, the size of the public sector, and the balance between government and private economic activity.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for United States (KGPPPGUSA156NUPN), retrieved from FRED.