Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Vanuatu
KGPPPGVUA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.75
Year-over-Year Change
-24.65%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the government consumption share of Purchasing Power Parity (PPP) converted GDP per capita for Vanuatu, adjusted for inflation. It provides insights into the size and role of the public sector in Vanuatu'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 an important indicator of the relative size of government in an economy. It represents the portion of a country's economic output that is consumed by the public sector, offering perspectives on fiscal policies and the state's involvement in the economy.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity data.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to analyze fiscal policy, government efficiency, and the role of the public sector in economic development.
Key Facts
- Vanuatu's government consumption share of PPP-converted GDP per capita was 18.7% in 2021.
- This metric has fluctuated between 16-20% of GDP in Vanuatu over the past decade.
- The government consumption share is a key indicator of the public sector's role in the Vanuatu economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of Vanuatu's Purchasing Power Parity (PPP) converted GDP per capita that is consumed by the government sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the size and role of the public sector in Vanuatu's economy, which is relevant for analyzing fiscal policy, government efficiency, and economic development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity data.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international organizations to analyze fiscal policy, government spending, and the role of the public sector in Vanuatu's economic development.
Q: Are there update delays or limitations?
A: The data is subject to the availability and publication schedule of the World Bank, which is the primary source for this metric.
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Citation
U.S. Federal Reserve, Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Vanuatu (KGPPPGVUA156NUPN), retrieved from FRED.