Price Level of Government Consumption for Costa Rica
PLOGINCRA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52.14
Year-over-Year Change
83.54%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of Government Consumption for Costa Rica measures the relative price level of government consumption expenditures in the country. This metric is important for understanding the efficiency and cost-effectiveness of government 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
The Price Level of Government Consumption represents the price level of government consumption expenditures in Costa Rica relative to the overall price level in the country. Economists and policymakers use this indicator to analyze the real value and purchasing power of government spending.
Methodology
This series is calculated based on national accounts data collected by the Costa Rican government.
Historical Context
The Price Level of Government Consumption is relevant for assessing the fiscal policies and budgetary decisions of the Costa Rican government.
Key Facts
- Costa Rica's government consumption accounted for 16.9% of GDP in 2020.
- The Price Level of Government Consumption peaked at 105.3 in 2019.
- Government consumption expenditures have grown faster than overall GDP in Costa Rica since 2015.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Costa Rica measures the relative price level of government consumption expenditures in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the efficiency and cost-effectiveness of government spending in Costa Rica.
Q: How is this data collected or calculated?
A: This series is calculated based on national accounts data collected by the Costa Rican government.
Q: How is this trend used in economic policy?
A: The Price Level of Government Consumption is relevant for assessing the fiscal policies and budgetary decisions of the Costa Rican government.
Q: Are there update delays or limitations?
A: The data is published with a lag but provides a comprehensive view of government consumption in Costa Rica.
Related Trends
Price Level of Investment for Guinea-Bissau
PLOINVGWA624NUPN
Price Level of Government Consumption for Afghanistan
PLOGINAFA623NUPN
Price Level of Investment for Grenada
PLOINVGDA624NUPN
Price Level of GDP, average of GEKS-CPDW for St. Lucia
PL2GDPLCA621NUPN
Price Level of Consumption for Luxembourg
PLOCONLUA622NUPN
Price Level of Consumption for Algeria
PLOCONDZA622NUPN
Citation
U.S. Federal Reserve, Price Level of Government Consumption for Costa Rica (PLOGINCRA623NUPN), retrieved from FRED.