Price Level of Government Consumption for Romania
PLGCPPROA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.38
Year-over-Year Change
-1.41%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Government Consumption for Romania measures the price changes of government spending on goods and services in the country. It is a key indicator for assessing the fiscal health and policy effectiveness of the Romanian government.
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 metric tracks the price changes associated with government consumption expenditures, including compensation for public sector employees, purchases of goods and services, and other outlays. It provides insight into inflationary pressures within the public sector and is used by economists and policymakers to evaluate the government's fiscal management.
Methodology
The data is calculated by the World Bank using national accounts statistics reported by the Romanian government.
Historical Context
Monitoring the price level of government consumption is important for informing fiscal and monetary policy decisions that aim to maintain macroeconomic stability.
Key Facts
- Romania's government consumption accounts for over 15% of its GDP.
- The price level of government consumption has increased by over 30% since 2010.
- Controlling public sector inflation is a key priority for the Romanian central bank.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Romania measures the price changes associated with government spending on goods, services, and employee compensation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into inflationary pressures within the public sector, which is crucial for evaluating the fiscal health and policy effectiveness of the Romanian government.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts statistics reported by the Romanian government.
Q: How is this trend used in economic policy?
A: Monitoring the price level of government consumption is important for informing fiscal and monetary policy decisions that aim to maintain macroeconomic stability in Romania.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be a delay in reflecting the most recent economic conditions.
Related Trends
Price Level of Exports for Sweden
PLXCPPSEA670NRUG
Price Level of Imports for Belize
PLMCPPBZA670NRUG
Price Level of Government Consumption for Bermuda
PLGCPPBMA670NRUG
Price Level of Exports for Tajikistan
PLXCPPTJA670NRUG
Price Level of Household Consumption for El Salvador
PLCCPPSVA670NRUG
Price Level of the Capital Stock for Romania
PLKCPPROA670NRUG
Citation
U.S. Federal Reserve, Price Level of Government Consumption for Romania (PLGCPPROA670NRUG), retrieved from FRED.