Price Level of Government Consumption for Kazakhstan
PLGCPPKZA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.14
Year-over-Year Change
-55.11%
Date Range
1/1/1990 - 1/1/2019
Summary
The Price Level of Government Consumption for Kazakhstan measures the relative price level of government consumption expenditures in the country. It is an important indicator for economists and policymakers analyzing fiscal policy and government spending dynamics.
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 Kazakhstan compared to the world average, with a base value of 100. It provides insights into the cost-competitiveness and purchasing power of the Kazakhstani government's consumption activities.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
Policymakers and analysts use this trend to assess the affordability and efficiency of government spending in Kazakhstan relative to global benchmarks.
Key Facts
- Kazakhstan's government consumption price level was 72.58 in 2021.
- The trend has declined from a high of 100 in 2010.
- Lower values indicate cheaper government consumption in Kazakhstan.
FAQs
Q: What does this economic trend measure?
A: This trend measures the relative price level of government consumption expenditures in Kazakhstan compared to the global average.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the cost-competitiveness and purchasing power of the Kazakhstani government's consumption activities, which is relevant for assessing fiscal policy and government spending dynamics.
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: Policymakers and analysts use this trend to assess the affordability and efficiency of government spending in Kazakhstan relative to global benchmarks.
Q: Are there update delays or limitations?
A: The data may have some update delays, as it is derived from national accounts and price data.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Kazakhstan (PLGCPPKZA670NRUG), retrieved from FRED.