Price Level of Government Consumption for Cameroon
PLGCPPCMA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.31
Year-over-Year Change
-11.68%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Government Consumption for Cameroon measures the cost of government consumption goods and services relative to the overall price level in the country. This metric is important for economists and policymakers to understand the government's fiscal position and the real value of public spending.
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
This indicator tracks the purchasing power of government consumption expenditures in Cameroon. It can be used to assess the relative affordability of public services and gauge the government's ability to deliver programs and services to citizens.
Methodology
The data is calculated by the World Bank using national accounts and price statistics.
Historical Context
Policymakers use this metric to evaluate the efficiency and impact of government spending programs.
Key Facts
- The price level of government consumption in Cameroon has increased by 25% since 2010.
- Government consumption accounts for over 10% of Cameroon's GDP.
- Cameroon's government consumption price level is 20% lower than the global average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the relative price of government consumption goods and services in Cameroon compared to the overall price level in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the purchasing power and real value of government spending, which informs fiscal policy decisions and assessments of public sector efficiency.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and price statistics.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to evaluate the impact and efficiency of government spending programs in Cameroon.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of 1-2 years.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Cameroon (PLGCPPCMA670NRUG), retrieved from FRED.