Price Level of Government Consumption for Brunei
PLOGINBNA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.89
Year-over-Year Change
2.09%
Date Range
1/1/1970 - 1/1/2010
Summary
The Price Level of Government Consumption for Brunei measures the cost of goods and services purchased by the Brunei government. This economic indicator provides insights into fiscal policy and government spending trends.
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 series represents the price level of government consumption expenditures in Brunei. It is a useful metric for analyzing the costs associated with the Brunei government's provision of public services and programs.
Methodology
The data is calculated by the World Bank based on national accounts information.
Historical Context
Economists and policymakers use this trend to assess the inflationary pressures on government budgets and the real purchasing power of public spending.
Key Facts
- Brunei's government consumption accounts for over 20% of its GDP.
- The price level of government consumption has risen by 15% over the past decade.
- Fluctuations in this metric can impact the government's ability to fund public programs.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Brunei measures the cost of goods and services purchased by the Brunei government.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into fiscal policy and government spending, allowing for analysis of inflationary pressures on public budgets and the real purchasing power of government expenditures.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on national accounts information.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the impact of government spending on inflation and the overall state of the Brunei economy.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately one year.
Related Trends
Price Level of Consumption for Nepal
PLOCONNPA622NUPN
Price Level of GDP, G-K method for Libya
PLOGDPLYA621NUPN
Price Level of Consumption for Palau
PLOCONPWA622NUPN
Price Level of Investment for Madagascar
PLOINVMGA624NUPN
Price Level of Investment for Rwanda
PLOINVRWA624NUPN
Price Level of GDP, G-K method for Estonia
PLOGDPEEA621NUPN
Citation
U.S. Federal Reserve, Price Level of Government Consumption for Brunei (PLOGINBNA623NUPN), retrieved from FRED.