Price Level of Government Consumption for Gabon
PLGCPPGAA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.33
Year-over-Year Change
-4.71%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Government Consumption for Gabon measures the relative cost of government spending in Gabon compared to the global average. This metric is important for economists and policymakers to assess Gabon's fiscal policy and competitiveness.
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 Gabon is an index that compares the purchasing power of government spending in Gabon to the global average. It provides insights into the relative efficiency and affordability of Gabon's public sector expenditures.
Methodology
The data is calculated by the World Bank using national accounts and exchange rate data.
Historical Context
Policymakers use this metric to evaluate Gabon's fiscal and macroeconomic policies.
Key Facts
- The index uses the global average as the base of 100.
- Gabon's index value was 148.8 in 2020, indicating high government spending costs.
- The price level reflects Gabon's economic development and trade openness.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Gabon measures the relative cost of government spending in Gabon compared to the global average.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the efficiency and affordability of Gabon's public sector, which is important for evaluating the country's fiscal and macroeconomic policies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and exchange rate data.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to assess Gabon's fiscal policy and competitiveness compared to the global average.
Q: Are there update delays or limitations?
A: The data is published annually with a delay, and may not capture short-term fluctuations in government spending costs.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Gabon (PLGCPPGAA670NRUG), retrieved from FRED.