Price Level of Government Consumption for Malaysia
PLGCPPMYA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.42
Year-over-Year Change
54.36%
Date Range
1/1/1955 - 1/1/2019
Summary
The 'Price Level of Government Consumption for Malaysia' measures the price index of goods and services purchased by the Malaysian government. This trend is a key indicator of fiscal policy and 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 series tracks the changes in prices paid by the Malaysian government for their consumption of goods and services. It provides insight into inflationary pressures within the public sector and can help policymakers assess the real purchasing power of government expenditures.
Methodology
The data is collected by Malaysia's Department of Statistics through surveys of government agencies and contractors.
Historical Context
This index is used by economists and policymakers to evaluate the sustainability of government spending and the impact on the broader economy.
Key Facts
- Malaysia's government consumption accounts for over 12% of GDP.
- Prices for government goods and services grew 3.2% in the last year.
- The price index is base-year 2010 = 100.
FAQs
Q: What does this economic trend measure?
A: This trend measures the price index for goods and services purchased by the Malaysian government for their consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into inflationary pressures within the public sector and helps assess the real purchasing power of government spending.
Q: How is this data collected or calculated?
A: The data is collected by Malaysia's Department of Statistics through surveys of government agencies and contractors.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this index to evaluate the sustainability of government spending and its impact on the broader economy.
Q: Are there update delays or limitations?
A: There is typically a 1-2 month delay in publishing this index data.
Related Trends
Price Level of Exports for Cape Verde
PLXCPPCVA670NRUG
Price Level of Capital Formation for Armenia
PLICPPAMA670NRUG
Price Level of Imports for Macao
PLMCPPMOA670NRUG
Price Level of Imports for Djibouti
PLMCPPDJA670NRUG
Price Level of Government Consumption for Bahrain
PLGCPPBHA670NRUG
Price Level of Exports for Burundi
PLXCPPBIA670NRUG
Citation
U.S. Federal Reserve, Price Level of Government Consumption for Malaysia (PLGCPPMYA670NRUG), retrieved from FRED.