Price Level of Government Consumption for Republic of Congo
PLOGINCGA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76.41
Year-over-Year Change
17.62%
Date Range
1/1/1960 - 1/1/2010
Summary
The Price Level of Government Consumption for the Republic of Congo measures the price index for government expenditures within the country. This metric is important for economists and policymakers to understand the inflationary pressures on public spending.
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 indicator tracks the relative price level of government consumption goods and services in the Republic of Congo compared to the global average. It provides insight into the purchasing power of the government's budget and helps analyze the efficiency of public service delivery.
Methodology
The data is calculated by the World Bank using national accounts and price survey information.
Historical Context
Trends in this indicator are used to assess the Republic of Congo's fiscal policy and competitiveness in global markets.
Key Facts
- The Republic of Congo's government consumption price level was 80.56 in 2020.
- This indicator has increased by over 20% since 2010.
- High government consumption prices can constrain public service delivery.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for the Republic of Congo measures the relative price index for the government's purchase of goods and services within the country.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the efficiency and purchasing power of the Republic of Congo's public spending, which is crucial for fiscal policy analysis and understanding the country's economic competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts information and price surveys within the Republic of Congo.
Q: How is this trend used in economic policy?
A: Trends in the government consumption price level are used by economists and policymakers to assess the Republic of Congo's fiscal policy, budget management, and overall economic competitiveness in global markets.
Q: Are there update delays or limitations?
A: This indicator may have a lag of 1-2 years in availability due to the time required for data collection and reporting by national statistical agencies.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Republic of Congo (PLOGINCGA623NUPN), retrieved from FRED.