Price Level of Government Consumption for Nepal
PLGCPPNPA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.36
Year-over-Year Change
67.36%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Government Consumption for Nepal measures the price index for government consumption expenditures in the country. This metric is a key indicator of public sector economic activity and inflationary pressures.
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
The Price Level of Government Consumption for Nepal represents the cost of goods and services purchased by the Nepalese government. It is a subcomponent of the country's overall price level and can provide insights into fiscal policy, government budgets, and the efficiency of public spending.
Methodology
The data is calculated based on national accounts statistics and price surveys conducted by the Nepalese government.
Historical Context
This trend is closely watched by policymakers, economists, and international organizations to assess the broader state of the Nepalese economy.
Key Facts
- The base year for the Price Level of Government Consumption for Nepal is 2015.
- This metric has increased by 12.5% over the past 5 years.
- Government consumption accounts for approximately 11% of Nepal's GDP.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Nepal measures the price index for goods and services purchased by the Nepalese government.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into fiscal policy, government budgets, and the efficiency of public spending in Nepal.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts statistics and price surveys conducted by the Nepalese government.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and international organizations closely monitor this trend to assess the broader state of the Nepalese economy.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a lag of approximately 2 months.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Nepal (PLGCPPNPA670NRUG), retrieved from FRED.