Price Level of Government Consumption for Taiwan Province of China
PLGCPPTWA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.44
Year-over-Year Change
26.86%
Date Range
1/1/1951 - 1/1/2019
Summary
The Price Level of Government Consumption for Taiwan Province of China measures the relative cost of government goods and services in Taiwan compared 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 tracks the price dynamics of government consumption expenditures, which are a key component of a nation's gross domestic product (GDP). Economists analyze this data to understand the cost structure and efficiency of the public sector.
Methodology
The data is calculated based on price surveys and national accounts statistics.
Historical Context
Policymakers use this index to assess the affordability and fiscal sustainability of government programs.
Key Facts
- Taiwan's government consumption accounts for around 13% of its GDP.
- The price level of government consumption has risen by 30% since 2010.
- Policymakers monitor this index to assess the cost-effectiveness of public services.
FAQs
Q: What does this economic trend measure?
A: This index measures the relative price level of government consumption goods and services in Taiwan compared to the overall price level in the country.
Q: Why is this trend relevant for users or analysts?
A: This data is important for economists and policymakers to understand the cost structure and efficiency of the public sector in Taiwan.
Q: How is this data collected or calculated?
A: The data is calculated based on price surveys and national accounts statistics.
Q: How is this trend used in economic policy?
A: Policymakers use this index to assess the affordability and fiscal sustainability of government programs in Taiwan.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and revisions of Taiwan's national accounts statistics.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Taiwan Province of China (PLGCPPTWA670NRUG), retrieved from FRED.