Price Level of Government Consumption for Honduras
PLGCPPHNA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.58
Year-over-Year Change
16.07%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Government Consumption for Honduras measures the relative cost of government goods and services in Honduras compared to the United States. It is an important indicator for economists and policymakers analyzing the Honduran economy and government fiscal policy.
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 Honduras relative to the United States, where the U.S. price level is set to 100. It provides insight into the purchasing power and cost-effectiveness of the Honduran government's spending on public goods and services.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
Tracking this trend helps economists and policymakers evaluate the Honduran government's fiscal position and purchasing power relative to the U.S.
Key Facts
- Honduras has a price level of government consumption that is about 70% of the U.S. level.
- This index has remained relatively stable over the past decade.
- Tracking the price level of government consumption is important for fiscal policy analysis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the relative price level of government consumption expenditures in Honduras compared to the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the purchasing power and cost-effectiveness of the Honduran government's spending, which is relevant for evaluating fiscal policy and the economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and price data.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to analyze the Honduran government's fiscal position and purchasing power relative to the U.S.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank and may have some delays in publication.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Honduras (PLGCPPHNA670NRUG), retrieved from FRED.