Price Level of Government Consumption for Peru
PLGCPPPEA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.48
Year-over-Year Change
3.70%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Government Consumption for Peru measures the relative cost of government goods and services in Peru compared to the United States. This metric is important for economists and policymakers to assess the affordability and purchasing power of 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
The Price Level of Government Consumption for Peru compares the prices paid by the Peruvian government for consumption goods and services relative to the United States. This provides insight into the real value and purchasing power of government budgets and expenditures in Peru.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
This metric is used by economists and policymakers to understand the dynamics of government spending and fiscal policy in Peru.
Key Facts
- Peru's government consumption price level was 59.7% of the U.S. level in 2020.
- The price level has remained relatively stable since 2010.
- Government consumption accounts for over 10% of Peru's GDP.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Peru measures the relative cost of government goods and services in Peru compared to the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the real value and purchasing power of government budgets and expenditures in Peru, which is important for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and price data.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to understand the dynamics of government spending and fiscal policy in Peru.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and may be subject to revisions by the World Bank.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Peru (PLGCPPPEA670NRUG), retrieved from FRED.