General Government Expense for El Salvador
SLVGGEIGDP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.63
Year-over-Year Change
88.12%
Date Range
1/1/2011 - 1/1/2024
Summary
The General Government Expense for El Salvador measures total government spending as a percentage of the country's GDP. This metric is crucial for assessing the role of the public sector in the Salvadoran 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 General Government Expense for El Salvador represents the total expenditures of the national, state, and local governments, including social security funds. It is an important indicator of the size and involvement of the public sector in the economy.
Methodology
The data is compiled by the International Monetary Fund (IMF) based on reports from the Salvadoran government.
Historical Context
Policymakers and economists use this metric to evaluate the fiscal policy stance and the government's role in driving economic activity.
Key Facts
- El Salvador's general government expense averaged 24.5% of GDP from 2010-2020.
- Government spending peaked at 27.3% of GDP in 2020 due to pandemic-related relief efforts.
- The public sector accounts for a significant portion of economic activity in El Salvador.
FAQs
Q: What does this economic trend measure?
A: The General Government Expense for El Salvador measures the total expenditures of the national, state, and local governments, including social security funds, as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing the role of the public sector in the Salvadoran economy and evaluating the government's fiscal policy stance.
Q: How is this data collected or calculated?
A: The data is compiled by the International Monetary Fund (IMF) based on reports from the Salvadoran government.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to analyze the size and involvement of the government in driving economic activity in El Salvador.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and processes of the Salvadoran government and the IMF, which may result in occasional delays or revisions.
Related Trends
Stock Market Total Value Traded to GDP for El Salvador
DDDM02SVA156NWDB
Percentage of Foreign Bank Assets Among Total Bank Assets for El Salvador
DDOI14SVA156NWDB
Liquid Liabilities (Broad Money) for El Salvador
DDOI07SVA648NWDB
Number of Identified Exporters to El Salvador from Tennessee
TNSLVA475SCEN
Value of Exports to El Salvador from Connecticut
CTSLVA052SCEN
Number of Identified Exporters to El Salvador from California
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Citation
U.S. Federal Reserve, General Government Expense for El Salvador (SLVGGEIGDP), retrieved from FRED.