Price Level of Government Consumption for Philippines
PLGCPPPHA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.44
Year-over-Year Change
66.14%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Government Consumption for Philippines measures the relative cost of government spending in the country. It is a key indicator for policymakers and economists analyzing 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 index tracks the price level of goods and services purchased by the Philippine government, providing insight into the cost of public sector activities. It is used to evaluate government spending power, inform fiscal policy decisions, and compare public expenditure across time and countries.
Methodology
The data is calculated by the World Bank based on national accounts and government budget information.
Historical Context
Governments use this metric to assess the real value of their spending and ensure efficient use of public resources.
Key Facts
- The base year for this index is 2010.
- The Philippines' government consumption price level has risen by 35% since 2010.
- This metric is published annually by the World Bank.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Philippines measures the relative cost of goods and services purchased by the Philippine government.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the efficiency and purchasing power of government spending, which is crucial for fiscal policy analysis and public sector management.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on national accounts and government budget information.
Q: How is this trend used in economic policy?
A: Governments use this metric to assess the real value of their spending and ensure efficient use of public resources.
Q: Are there update delays or limitations?
A: This metric is published annually by the World Bank, with a potential delay of up to 18 months.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Philippines (PLGCPPPHA670NRUG), retrieved from FRED.