Price Level of Government Consumption for Ethiopia
PLGCPPETA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.25
Year-over-Year Change
0.99%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Government Consumption for Ethiopia measures the relative cost of government spending in Ethiopia compared to the global average. This metric is important for economists and policymakers to assess the affordability and efficiency of the public 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 Ethiopia is an index that compares the cost of government goods and services in Ethiopia to the global average, providing insights into the relative purchasing power and cost structure of the public sector. This data point is a component of the broader Comparative Price Levels dataset published by the World Bank.
Methodology
The data is calculated based on surveys of government expenditures and prices.
Historical Context
Tracking this metric helps economists and policymakers evaluate the fiscal health and competitiveness of Ethiopia's public sector.
Key Facts
- The index has a global average of 100.
- Ethiopia's index value was 42.7 in 2020.
- A lower index indicates relatively lower government costs.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Ethiopia measures the relative cost of government goods and services in the country compared to the global average.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the affordability and efficiency of Ethiopia's public sector, which is relevant for economists, policymakers, and investors analyzing the country's fiscal health and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated based on surveys of government expenditures and prices.
Q: How is this trend used in economic policy?
A: Tracking the Price Level of Government Consumption helps economists and policymakers evaluate the fiscal health and competitiveness of Ethiopia's public sector, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with some delay in availability.
Related Trends
Price Level of Household Consumption for Bangladesh
PLCCPPBDA670NRUG
Price Level of Imports for Chile
PLMCPPCLA670NRUG
Price Level of Household Consumption for Botswana
PLCCPPBWA670NRUG
Price Level of Imports for Fiji
PLMCPPFJA670NRUG
Price Level of Exports for Indonesia
PLXCPPIDA670NRUG
Price Level of Imports for Israel
PLMCPPILA670NRUG
Citation
U.S. Federal Reserve, Price Level of Government Consumption for Ethiopia (PLGCPPETA670NRUG), retrieved from FRED.