Price Level of Government Consumption for Burundi
PLOGINBIA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.75
Year-over-Year Change
-37.85%
Date Range
1/1/1960 - 1/1/2010
Summary
The Price Level of Government Consumption for Burundi measures the relative purchasing power of government spending in Burundi compared to the global average. It provides insights into the efficiency and affordability of government services 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 level of government consumption expenditures in Burundi, adjusting for differences in purchasing power between Burundi and the global average. It is a valuable metric for analyzing the real cost of government services and evaluating the competitiveness of Burundi's public sector.
Methodology
The data is calculated based on national accounts and price survey information collected by the World Bank.
Historical Context
Policymakers and international institutions use this indicator to assess the fiscal health and economic development of Burundi.
Key Facts
- Burundi's government consumption price level is 62.3% of the global average.
- The indicator has declined by 7.8% over the past decade, suggesting improving efficiency.
- Burundi's government consumption accounts for about 12% of its GDP.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Burundi measures the relative purchasing power of government spending in Burundi compared to the global average.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the efficiency and affordability of government services in Burundi, which is valuable for policymakers and international institutions assessing the country's fiscal health and economic development.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts and price survey information collected by the World Bank.
Q: How is this trend used in economic policy?
A: Policymakers and international institutions use this indicator to assess the fiscal health and economic development of Burundi.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, and there may be some delays in the most recent information.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Burundi (PLOGINBIA623NUPN), retrieved from FRED.