Price Level of Government Consumption for Bhutan
PLOGINBTA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.86
Year-over-Year Change
10.59%
Date Range
1/1/1970 - 1/1/2010
Summary
The Price Level of Government Consumption for Bhutan measures the cost of government-purchased goods and services in the country. It provides insights into fiscal policy and public sector expenditures.
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 overall price level of items purchased by the Bhutanese government, including employee compensation, goods and services, and other spending. It is a key indicator for understanding the real purchasing power of government budgets and the efficiency of public resource allocation.
Methodology
The data is calculated based on national accounts data collected by the National Statistics Bureau of Bhutan.
Historical Context
Policymakers use this metric to monitor inflationary pressures and guide fiscal policies that affect government consumption.
Key Facts
- Bhutan is a small Himalayan country in South Asia.
- Government spending accounts for over a third of Bhutan's GDP.
- The price level index is published quarterly by the National Statistics Bureau.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Bhutan tracks the overall price level of goods and services purchased by the Bhutanese government.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the real purchasing power of government budgets and the efficiency of public resource allocation, which is crucial for fiscal policy analysis.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts data collected by the National Statistics Bureau of Bhutan.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to monitor inflationary pressures and guide fiscal policies that affect government consumption.
Q: Are there update delays or limitations?
A: The price level index is published quarterly by the National Statistics Bureau, with a typical 3-month lag in data availability.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Bhutan (PLOGINBTA623NUPN), retrieved from FRED.