Price Level of Government Consumption for Equatorial Guinea
PLGCPPGQA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.18
Year-over-Year Change
-52.56%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Government Consumption for Equatorial Guinea measures the relative price of government consumption expenditures in the country. This metric is important for economists and policymakers to understand the purchasing power and inflationary pressures in 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 is an index that compares the price of government consumption goods and services in Equatorial Guinea to the global average. It provides insight into the relative cost of public sector activities in the country.
Methodology
The data is calculated based on national accounts information and purchasing power parity estimates.
Historical Context
This metric helps assess the efficiency and affordability of government programs and informs fiscal and monetary policy decisions.
Key Facts
- Equatorial Guinea is an oil-rich country in Central Africa.
- The government accounts for a large share of economic activity.
- High prices for public goods can constrain service delivery.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Equatorial Guinea measures the relative cost of public sector 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 insight into the purchasing power and inflationary pressures facing the government, which informs fiscal and economic policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts information and purchasing power parity estimates.
Q: How is this trend used in economic policy?
A: This metric helps assess the efficiency and affordability of government programs, which is relevant for policymakers managing fiscal policy and public expenditures.
Q: Are there update delays or limitations?
A: The data may have delays or limited coverage due to the availability of source information from Equatorial Guinea.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Equatorial Guinea (PLGCPPGQA670NRUG), retrieved from FRED.