Price Level of Government Consumption for El Salvador
PLGCPPSVA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.45
Year-over-Year Change
-6.17%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Government Consumption for El Salvador measures the relative purchasing power of government expenditures in the country. It is a key economic indicator for understanding the fiscal and inflationary environment.
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 represents the price level of goods and services purchased by the Salvadoran government, with a base year of 2010 set to 100. It is used to analyze the real value of government spending and assess the impact of inflation on the public sector.
Methodology
The data is calculated by the World Bank based on national accounts and price data.
Historical Context
Policymakers and analysts use this index to evaluate the government's fiscal position and the effectiveness of its spending programs.
Key Facts
- The base year for the index is 2010.
- The index reached a high of 120.8 in 2021.
- The index has increased by over 20% since 2010.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for El Salvador measures the relative purchasing power of the Salvadoran government's expenditures, adjusting for inflation.
Q: Why is this trend relevant for users or analysts?
A: This index is important for understanding the real value of government spending and the impact of inflation on the public sector in El Salvador.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on national accounts and price data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to evaluate the government's fiscal position and the effectiveness of its spending programs.
Q: Are there update delays or limitations?
A: The data is published regularly by the World Bank, with some potential for delays in availability.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for El Salvador (PLGCPPSVA670NRUG), retrieved from FRED.