Price Level of Government Consumption for Guatemala
PLGCPPGTA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.41
Year-over-Year Change
2.89%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Government Consumption for Guatemala measures the relative cost of government spending compared to the overall price level in the country. This metric is important for economists and policymakers to assess the efficiency and fiscal health 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
This index represents the price level of government consumption expenditures in Guatemala relative to the country's overall price level, with the base year set to 100. It provides insights into the cost-effectiveness of government spending and can inform fiscal policy decisions.
Methodology
The data is calculated by the World Bank using national accounts data.
Historical Context
This trend is used by economists and policymakers to evaluate the efficiency of public sector spending and its impact on the broader economy.
Key Facts
- The base year for this index is 2010.
- Guatemala's government consumption price level was 72.78 in 2021.
- This index has shown a general decline over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the relative price level of government consumption expenditures in Guatemala compared to the country's overall price level.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the cost-effectiveness of government spending, which is crucial for evaluating fiscal policy and the efficiency of the public sector.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the efficiency of public sector spending and its impact on the broader economy, informing fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a typical update delay of 6-12 months.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Guatemala (PLGCPPGTA670NRUG), retrieved from FRED.