Price Level of Government Consumption for China
PLOGINCNA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.94
Year-over-Year Change
22.28%
Date Range
1/1/1952 - 1/1/2010
Summary
The Price Level of Government Consumption for China measures the price index of government spending in the Chinese economy. This indicator is closely monitored by economists and policymakers to assess the broader inflationary pressures.
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
The Price Level of Government Consumption for China is a measure of the price changes associated with the government's purchases of goods and services. It serves as an important economic indicator, as government spending can significantly impact overall price levels and inflationary trends within the country.
Methodology
The data is calculated by the World Bank based on national accounts statistics.
Historical Context
This metric helps inform fiscal and monetary policy decisions aimed at managing economic stability.
Key Facts
- China's government consumption represents approximately 15% of its GDP.
- The price level of government consumption has risen by 25% over the past decade.
- Monitoring this metric helps policymakers assess the impact of fiscal policy on inflation.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for China measures the changes in prices associated with the government's purchases of goods and services.
Q: Why is this trend relevant for users or analysts?
A: This indicator is important for assessing broader inflationary pressures and informing fiscal and monetary policy decisions in China.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on national accounts statistics.
Q: How is this trend used in economic policy?
A: This metric helps policymakers evaluate the impact of government spending on inflation and overall economic stability.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately one year.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for China (PLOGINCNA623NUPN), retrieved from FRED.