Price Level of Government Consumption for Guinea-Bissau
PLGCPPGWA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.29
Year-over-Year Change
42.81%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Government Consumption for Guinea-Bissau measures changes in the cost of government-purchased goods and services. It is a key indicator of fiscal policy and public sector activity.
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 series represents the price level of goods and services purchased by the government of Guinea-Bissau. It is used to assess the relative purchasing power of government spending over time and can inform fiscal policy decisions.
Methodology
The data is calculated by the World Bank using national accounts information.
Historical Context
Policymakers monitor this trend to understand the inflationary pressures on government budgets.
Key Facts
- Guinea-Bissau is a small West African nation.
- Government spending accounts for a significant portion of Guinea-Bissau's GDP.
- The price level of government consumption has risen steadily in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in the prices of goods and services purchased by the government of Guinea-Bissau. It tracks the cost of government consumption over time.
Q: Why is this trend relevant for users or analysts?
A: This trend is useful for understanding the fiscal pressures facing the government of Guinea-Bissau and can inform policy decisions related to public spending and budget management.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts information for Guinea-Bissau.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess inflationary pressures on government budgets and make informed decisions about fiscal policy and public spending.
Q: Are there update delays or limitations?
A: The data may have a delay of several months before being published and may not be available for all time periods due to data collection challenges in Guinea-Bissau.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Guinea-Bissau (PLGCPPGWA670NRUG), retrieved from FRED.