Price Level of Government Consumption for Lao People's Democratic Republic
PLGCPPLAA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.24
Year-over-Year Change
144.18%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Government Consumption for Lao People's Democratic Republic measures the price level of government consumption in the country. It is an important indicator for economists and policymakers to assess the state of the Lao economy.
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 tracks the price level of government consumption expenditures in Lao PDR, providing insights into inflationary pressures and the purchasing power of government spending. It is a key metric used to evaluate the fiscal and macroeconomic health of the Lao economy.
Methodology
The data is collected and calculated by the World Bank as part of its International Comparison Program.
Historical Context
This trend is closely monitored by the Lao government, international institutions, and economists to inform economic and fiscal policy decisions.
Key Facts
- The base year for this index is 2017.
- Lao PDR's government consumption accounts for over 10% of its GDP.
- The index has fluctuated between 80 and 100 over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the price level of government consumption expenditures in Lao People's Democratic Republic. It tracks the purchasing power of the Lao government's spending on goods and services.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the inflationary pressures and fiscal health of the Lao economy, which is crucial for economic policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank as part of its International Comparison Program.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by the Lao government, international institutions, and economists to inform economic and fiscal policy decisions in the country.
Q: Are there update delays or limitations?
A: The data is published annually, and there may be some delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Lao People's Democratic Republic (PLGCPPLAA670NRUG), retrieved from FRED.