OECD General government deficit
Dataset Description:
The dataset provides insights into the fiscal health of various countries by presenting information on general government deficits.
General government net lending or borrowing is a crucial economic indicator that reflects the difference between government revenue and government expenditure.
The values are expressed as a percentage of the country's Gross Domestic Product (GDP), allowing for a standardized comparison across nations.
The data spans multiple years, offering a temporal dimension to assess changes in government fiscal policies over time.
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LOCATION: This column likely represents the country code or abbreviation, with "AUS" indicating Australia in the provided examples.
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INDICATOR: This column seems to specify the economic indicator being measured. In this case, "GGNLEND" may represent "General Government Net Lending/Net Borrowing," which is a key indicator of a government's fiscal position.
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SUBJECT: The "TOT" in this column might stand for "Total," suggesting that the data represents the total general government net lending or borrowing.
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MEASURE: The "PC_GDP" likely indicates that the values in the dataset are presented as a percentage of Gross Domestic Product (GDP). This measure is useful for comparing the government deficit relative to the size of the economy.
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FREQUENCY: The "A" in this column suggests that the data is reported annually.
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TIME: This column represents the year for which the data is recorded.
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VALUE: This column contains the actual values of the general government net lending or borrowing as a percentage of GDP for the corresponding country and year.
Summary
This dataset is particularly valuable for analysts, policymakers, and researchers interested in understanding and comparing the fiscal responsibility of different countries.
It enables the identification of trends, patterns, and potential correlations between government deficits and broader economic factors.
Researchers can use this dataset to conduct cross-country analyses, track the impact of fiscal policies, and assess the overall economic stability of nations within the OECD.