Price Level of Government Consumption for Cape Verde
PLGCPPCVA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.39
Year-over-Year Change
-27.46%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Government Consumption for Cape Verde measures the level of prices for government consumption goods and services in the country. This metric is important for economists and policymakers to assess the cost-effectiveness of government 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
The Price Level of Government Consumption for Cape Verde represents the relative price level of government consumption expenditures compared to the overall price level in the country. It is used to evaluate the purchasing power of government budgets and the efficiency of public sector spending.
Methodology
The data is calculated based on national accounts and price index information collected by the Cape Verdean government.
Historical Context
This trend is relevant for assessing the fiscal policies and budget allocation decisions of the Cape Verdean government.
Key Facts
- Cape Verde is an island country off the western coast of Africa.
- Government consumption is a significant component of Cape Verde's GDP.
- Monitoring the price level of government consumption helps track public sector inflation.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Cape Verde measures the relative cost of goods and services purchased by the government 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 evaluating the purchasing power of government budgets and the efficiency of public sector spending in Cape Verde.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts and price index information collected by the Cape Verdean government.
Q: How is this trend used in economic policy?
A: The Price Level of Government Consumption is relevant for assessing the fiscal policies and budget allocation decisions of the Cape Verdean government.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and data collection methods of the Cape Verdean government.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Cape Verde (PLGCPPCVA670NRUG), retrieved from FRED.