Price Level of Government Consumption for Syrian Arab Republic
PLGCPPSYA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.05
Year-over-Year Change
-70.18%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Government Consumption for Syrian Arab Republic measures the price of government consumption goods and services relative to the overall price level in the country.
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 provides insight into the purchasing power of government budgets, which is crucial for policymakers to assess the real value of public spending and make informed fiscal decisions.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
Analysts use this metric to evaluate the efficiency of government resource allocation and the impact of inflation on public sector activities.
Key Facts
- The base year for this index is 2010 = 100.
- Syria's government consumption price level has risen sharply since 2011 due to economic instability.
- Accurate measurement of public spending is crucial for effective fiscal management.
FAQs
Q: What does this economic trend measure?
A: This index measures the price level of goods and services consumed by the government in Syria relative to the overall price level in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the purchasing power of government budgets, which is crucial for policymakers to assess the real value of public spending and make informed fiscal decisions.
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: Analysts use this metric to evaluate the efficiency of government resource allocation and the impact of inflation on public sector activities.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting and can be influenced by economic instability in the region.
Related Trends
Price Level of Household Consumption for Ecuador
PLCCPPECA670NRUG
Price Level of Capital Formation for the Plurinational State of Bolivia
PLICPPBOA670NRUG
Price Level of Imports for Lebanon
PLMCPPLBA670NRUG
Price Level of the Capital Stock for Mongolia
PLKCPPMNA670NRUG
Price Level of Imports for United Republic of Tanzania
PLMCPPTZA670NRUG
Price Level of Household Consumption for Jordan
PLCCPPJOA670NRUG
Citation
U.S. Federal Reserve, Price Level of Government Consumption for Syrian Arab Republic (PLGCPPSYA670NRUG), retrieved from FRED.