Price Level of Government Consumption for Sao Tome and Principe
PLGCPPSTA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.37
Year-over-Year Change
179.23%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Government Consumption for Sao Tome and Principe measures the relative prices of government consumption goods and services in the country compared to a global reference level.
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 trend provides insights into the purchasing power and cost-effectiveness of government spending in Sao Tome and Principe. It is used by economists and policymakers to assess the competitiveness and efficiency of the public sector within the country's economy.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
Governments can use this indicator to benchmark their spending power and guide fiscal policy decisions.
Key Facts
- Sao Tome and Principe's government consumption price level was 57.78 in 2020.
- The price level has fluctuated between 50 and 60 over the past decade.
- A lower price level indicates greater purchasing power for government spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures the relative price level of government consumption goods and services in Sao Tome and Principe compared to a global reference level.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the cost-effectiveness and purchasing power of government spending, which is important for assessing fiscal policy and the competitiveness of the public sector.
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: Governments can use this indicator to benchmark their spending power and guide fiscal policy decisions to improve the efficiency of public expenditures.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a delay of up to 1-2 years in the most recent observations.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Sao Tome and Principe (PLGCPPSTA670NRUG), retrieved from FRED.