Price Level of Government Consumption for Mali
PLGCPPMLA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.38
Year-over-Year Change
23.09%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Government Consumption for Mali is an economic indicator that measures the cost of government spending on goods and services in Mali relative to the global average.
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 metric provides insight into the purchasing power of the Malian government and the efficiency of its public expenditures compared to other countries. Economists and policymakers use it to analyze the competitiveness of Mali's public sector and inform fiscal policy decisions.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Historical Context
This trend is relevant for assessing Mali's government spending and fiscal sustainability in the context of economic development.
Key Facts
- Mali is a low-income country in West Africa.
- Government spending accounts for about 20% of Mali's GDP.
- The price level of government consumption in Mali is about 50% of the global average.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Mali measures the cost of government spending on goods and services in Mali relative to the global average.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the purchasing power of the Malian government and the efficiency of its public expenditures, which is relevant for assessing fiscal sustainability and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the competitiveness of Mali's public sector and inform fiscal policy decisions related to government spending and the efficient allocation of public resources.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a delay in the most recent data being available.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Mali (PLGCPPMLA670NRUG), retrieved from FRED.