Price Level of Government Consumption for Azerbaijan
PLGCPPAZA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.15
Year-over-Year Change
-65.37%
Date Range
1/1/1990 - 1/1/2019
Summary
The Price Level of Government Consumption for Azerbaijan measures the price index for government consumption expenditures in the country. This metric is important for economists and policymakers to assess the inflationary pressures and purchasing power of the government sector.
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 Price Level of Government Consumption for Azerbaijan represents the relative price level of government consumption goods and services compared to the overall price level in the country. It is used to evaluate the cost-effectiveness of government spending and the impact of fiscal policies on the broader economy.
Methodology
The data is calculated by the World Bank using national accounts statistics and price surveys.
Historical Context
This trend is relevant for analyzing the state of Azerbaijan's public finances and the potential inflationary impact of government spending.
Key Facts
- The base year for the Price Level of Government Consumption for Azerbaijan is 2010.
- This index has shown moderate fluctuations around 100 since 2000, indicating relatively stable government consumption prices.
- Tracking the Price Level of Government Consumption can help policymakers manage fiscal policy and its impact on the broader economy.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Azerbaijan measures the relative price index for goods and services purchased by the government sector in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating the cost-effectiveness of government spending and the potential inflationary impact of fiscal policies on the broader economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts statistics and price surveys.
Q: How is this trend used in economic policy?
A: Policymakers can use the Price Level of Government Consumption to manage fiscal policy and assess its impact on inflation and the overall economy.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Azerbaijan (PLGCPPAZA670NRUG), retrieved from FRED.