Price Level of Government Consumption for United Republic of Tanzania
PLGCPPTZA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.52
Year-over-Year Change
56.95%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Government Consumption for United Republic of Tanzania measures the relative cost of government spending compared to other countries. It is an important indicator for economists and policymakers assessing the competitiveness and efficiency of Tanzania's public sector.
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 level of government consumption expenditures in Tanzania relative to the global average, providing insights into the cost-effectiveness of the country's public services and infrastructure investments. It is used to evaluate Tanzania's fiscal policy and public resource management.
Methodology
The data is calculated by the World Bank using price and expenditure information across government consumption categories.
Historical Context
Policymakers use this metric to benchmark Tanzania's public spending against international standards and identify opportunities for fiscal reform.
Key Facts
- Tanzania's government consumption price level was 67.0 in 2021.
- The index has fluctuated between 60-70 over the past decade.
- A lower price level indicates more cost-effective public spending.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for United Republic of Tanzania measures the relative cost of government spending in the country compared to the global average.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the cost-effectiveness and competitiveness of Tanzania's public sector, which is crucial for evaluating the country's fiscal policy and resource management.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using price and expenditure information across government consumption categories.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to benchmark Tanzania's public spending against international standards and identify opportunities for fiscal reform.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with potential delays in the most recent year's information.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for United Republic of Tanzania (PLGCPPTZA670NRUG), retrieved from FRED.