Price Level of Government Consumption for Bangladesh
PLOGINBDA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.24
Year-over-Year Change
-16.68%
Date Range
1/1/1959 - 1/1/2010
Summary
The Price Level of Government Consumption for Bangladesh measures the relative cost of government spending in Bangladesh compared to the global average. It is an important economic indicator for analyzing government fiscal policy and budgeting.
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 represents the price level of government consumption goods and services in Bangladesh relative to the global average, with the global average set to 100. It is used by economists and policymakers to assess the purchasing power and cost-effectiveness of government expenditures in Bangladesh compared to other countries.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
The Price Level of Government Consumption helps provide context for Bangladesh's fiscal and budgetary policies compared to global benchmarks.
Key Facts
- Bangladesh's government consumption price level was 58.78 in 2020.
- The index has increased from 51.55 in 2010 to 58.78 in 2020.
- A lower index indicates lower relative prices for government goods and services.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Bangladesh measures the relative cost of government spending in Bangladesh compared to the global average.
Q: Why is this trend relevant for users or analysts?
A: This index is relevant for economists and policymakers to assess the purchasing power and cost-effectiveness of government expenditures in Bangladesh compared to other countries.
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: The Price Level of Government Consumption helps provide context for Bangladesh's fiscal and budgetary policies compared to global benchmarks.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a lag of approximately one year.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Bangladesh (PLOGINBDA623NUPN), retrieved from FRED.