Price Level of Government Consumption for Thailand
PLGCPPTHA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.39
Year-over-Year Change
39.27%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Government Consumption for Thailand measures the price changes of goods and services purchased by the Thai government. This metric is crucial for economists and policymakers to understand the government's fiscal position and the overall state of the Thai economy.
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 series tracks the price index for government consumption expenditures in Thailand, including spending on public services, infrastructure, and other government activities. It serves as an important indicator of inflationary pressures and the efficiency of government spending.
Methodology
The data is collected and calculated by the International Monetary Fund using national accounts data.
Historical Context
Analysts and policymakers use this metric to assess the impact of government spending on Thailand's macroeconomic environment.
Key Facts
- Thailand's government consumption accounts for over 10% of its GDP.
- The price level of government consumption has risen by 20% over the past decade.
- Monitoring this metric helps policymakers manage inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: This trend measures the price changes of goods and services purchased by the Thai government, providing insights into the cost of public expenditures.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding the government's fiscal position and the overall state of the Thai economy, as government spending can have significant macroeconomic implications.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund using national accounts data.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to assess the impact of government spending on Thailand's macroeconomic environment, which informs fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 1-2 month delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Thailand (PLGCPPTHA670NRUG), retrieved from FRED.