Price Level of Government Consumption for Panama
PLGCPPPAA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.41
Year-over-Year Change
5.81%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Government Consumption for Panama measures the purchasing power of government spending in the Panamanian economy. It is an important metric for evaluating fiscal policy and public sector efficiency.
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 indicator tracks the relative price level of government consumption goods and services in Panama compared to the overall price level in the country. It provides insights into the efficiency and cost-effectiveness of government operations.
Methodology
The data is calculated based on national accounts and government expenditure data collected by Panama's statistical agency.
Historical Context
Policymakers and economists use this trend to assess the fiscal health and resource allocation of the Panamanian public sector.
Key Facts
- Panama's government consumption price level has remained relatively stable over the past decade.
- The price level of government consumption is higher than the overall consumer price index in Panama.
- Efficient government spending is a key priority for Panamanian policymakers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the relative price level of government consumption goods and services in Panama compared to the overall price level in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the efficiency and cost-effectiveness of government operations, which is important for evaluating fiscal policy and public sector performance.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts and government expenditure data collected by Panama's statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the fiscal health and resource allocation of the Panamanian public sector.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, but may be subject to revisions and update delays typical of national accounts data.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Panama (PLGCPPPAA670NRUG), retrieved from FRED.