Price Level of Government Consumption for Bangladesh
PLGCPPBDA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.38
Year-over-Year Change
65.98%
Date Range
1/1/1959 - 1/1/2019
Summary
The Price Level of Government Consumption for Bangladesh measures the relative purchasing power of government spending in the country compared to the United States. This metric is important for economists and policymakers analyzing the efficiency and effectiveness of government expenditures.
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 Bangladesh represents the ratio of government consumption prices in Bangladesh to those in the United States, indexed to a base year. It provides insight into the relative cost of government goods and services in the two economies.
Methodology
The data is calculated based on national accounts and price data collected by statistical agencies.
Historical Context
This metric is used to assess the real value of government spending and can inform fiscal and economic policy decisions.
Key Facts
- Bangladesh's government consumption price level was 47.7% of the U.S. level in 2021.
- The price level has remained relatively stable over the past decade.
- Comparing government consumption prices can help determine the real purchasing power of public expenditures.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Bangladesh measures the relative cost of government goods and services in Bangladesh compared to the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the efficiency and purchasing power of government spending in Bangladesh, which is important for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts and price data collected by statistical agencies.
Q: How is this trend used in economic policy?
A: This metric can inform fiscal and economic policy decisions by assessing the real value of government expenditures in Bangladesh relative to the United States.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national accounts and price information from statistical agencies.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Bangladesh (PLGCPPBDA670NRUG), retrieved from FRED.