Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Uruguay
KGPPPGUYA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.51
Year-over-Year Change
-7.23%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the government's share of total purchasing power parity-adjusted GDP per capita in Uruguay, providing insight into the size and role 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 Purchasing Power Parity Converted GDP Per Capita at constant prices for Uruguay represents the proportion of a country's economic output that is attributable to government spending and consumption. This metric is used by economists to analyze the scale and influence of the public sector in a nation's economic activity.
Methodology
The data is calculated by the World Bank using national accounts information and purchasing power parity conversion factors.
Historical Context
This trend is relevant for policymakers, investors, and analysts seeking to understand Uruguay's economic structure and the government's fiscal footprint.
Key Facts
- Uruguay's government consumption share was 13.7% in 2021.
- This metric has declined from a high of 15.3% in 2002.
- The public sector accounts for a smaller proportion of GDP in Uruguay compared to many other Latin American countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of Uruguay's total economic output that is attributable to government spending and consumption.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and role of the public sector in Uruguay's economy, which is valuable for policymakers, investors, and economists analyzing the country's economic structure and fiscal policies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts information and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to understand the government's fiscal footprint and influence on Uruguay's economic activity, which informs decisions around taxation, spending, and the overall role of the public sector.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a delay of up to a year or more in the most recent figures being available.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Uruguay (KGPPPGUYA156NUPN), retrieved from FRED.