Price Level of Government Consumption for Saint Kitts and Nevis
PLGCPPKNA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.43
Year-over-Year Change
-8.52%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Government Consumption for Saint Kitts and Nevis tracks the relative price of government consumption expenditures in the country. This metric provides insight into the purchasing power and cost efficiency of government spending.
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 economic indicator measures the price level of government consumption goods and services in Saint Kitts and Nevis compared to a base year. It is used to assess the real value of government expenditures and the cost-effectiveness of public programs.
Methodology
The data is calculated based on national accounts statistics reported by the government of Saint Kitts and Nevis.
Historical Context
Policymakers monitor this trend to evaluate the efficiency of fiscal policy and budget allocations.
Key Facts
- Saint Kitts and Nevis is a Caribbean island nation.
- Government spending accounts for a significant portion of the country's GDP.
- This indicator is published quarterly by the national statistics office.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the relative price of government consumption goods and services in Saint Kitts and Nevis compared to a base year.
Q: Why is this trend relevant for users or analysts?
A: The price level of government consumption is an important metric for evaluating the real value and cost-effectiveness of public spending in the country.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts statistics reported by the government of Saint Kitts and Nevis.
Q: How is this trend used in economic policy?
A: Policymakers monitor this trend to assess the efficiency of fiscal policy and budget allocations.
Q: Are there update delays or limitations?
A: This indicator is published quarterly with a lag, reflecting the reporting timelines of the national statistics office.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Saint Kitts and Nevis (PLGCPPKNA670NRUG), retrieved from FRED.