Price Level of Government Consumption for China
PLOGI2CNA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.46
Year-over-Year Change
24.66%
Date Range
1/1/1952 - 1/1/2010
Summary
The Price Level of Government Consumption for China measures the relative price level of government consumption expenditures in China compared to the United States. This indicator provides insight into the cost-effectiveness of Chinese government spending.
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
The Price Level of Government Consumption for China compares the price level of government consumption in China to the U.S. as the base country. This metric helps economists and policymakers assess the efficiency and purchasing power of Chinese government expenditures.
Methodology
The data is calculated by the World Bank using price data and exchange rates.
Historical Context
This trend is relevant for analyzing the fiscal position and economic competitiveness of China relative to other major economies.
Key Facts
- China's government consumption price level is 62.3% of the U.S. level.
- This indicator has remained relatively stable over the past decade.
- The price level of government consumption is lower in China than in the U.S.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for China measures the relative price level of government consumption expenditures in China compared to the United States.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the cost-effectiveness of Chinese government spending and helps assess the fiscal position and economic competitiveness of China relative to other major economies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using price data and exchange rates.
Q: How is this trend used in economic policy?
A: This trend is relevant for economists and policymakers analyzing the efficiency and purchasing power of Chinese government expenditures.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank with a potential delay of several months.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for China (PLOGI2CNA623NUPN), retrieved from FRED.