Price Level of Government Consumption for Bahrain
PLOGINBHA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
165.97
Year-over-Year Change
0.00%
Date Range
1/1/1970 - 1/1/2010
Summary
The Price Level of Government Consumption for Bahrain measures the relative price level of government consumption expenditures in Bahrain compared to the United States. This metric provides insight into Bahrain's government spending costs and efficiency.
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 Bahrain is an index that compares the prices paid by the Bahraini government for goods and services to the prices paid by the U.S. government. It serves as an indicator of the relative cost of government operations in Bahrain.
Methodology
The data is calculated based on government expenditure surveys and national accounts information.
Historical Context
Policymakers and economists use this metric to assess Bahrain's fiscal position and the efficiency of its public sector.
Key Facts
- Bahrain's government consumption price level was 57.31 in 2019.
- The price level has declined from a high of 68.91 in 2010.
- Bahrain's government consumption prices are about 43% lower than the U.S.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Bahrain measures the relative price level of government consumption expenditures in Bahrain compared to the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Bahrain's government spending costs and efficiency, which is useful for policymakers and economists assessing the country's fiscal position.
Q: How is this data collected or calculated?
A: The data is calculated based on government expenditure surveys and national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess Bahrain's fiscal position and the efficiency of its public sector.
Q: Are there update delays or limitations?
A: The data is subject to the availability of government expenditure surveys and national accounts information for Bahrain.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Bahrain (PLOGINBHA623NUPN), retrieved from FRED.