Price Level of Government Consumption for Belize
PLOGINBZA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.10
Year-over-Year Change
1.91%
Date Range
1/1/1970 - 1/1/2010
Summary
The Price Level of Government Consumption for Belize measures the cost of government goods and services in the country. It is a key indicator of public spending and fiscal policy.
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 government consumption expenditures in Belize, including spending on public administration, defense, and social services. It provides insight into the purchasing power of government budgets and the cost-effectiveness of public programs.
Methodology
The data is calculated based on price surveys and national accounts data collected by the Belize Statistical Institute.
Historical Context
Economists and policymakers use this metric to assess the efficiency of government spending and the impact of fiscal policy on the broader economy.
Key Facts
- Belize's government consumption accounts for over 20% of GDP.
- The price level index has risen by 30% in the past decade.
- Controlling government spending is a key policy priority for Belize.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Belize tracks the overall cost of goods and services purchased by the government, providing insight into public spending and fiscal policy.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing the efficiency and impact of government budgets and fiscal policies in Belize.
Q: How is this data collected or calculated?
A: The data is calculated by the Belize Statistical Institute based on price surveys and national accounts information.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this index to evaluate the cost-effectiveness of government spending and the broader macroeconomic implications of fiscal policy in Belize.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 3-month lag, and may be subject to revisions based on updated information.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Belize (PLOGINBZA623NUPN), retrieved from FRED.