Price Level of Government Consumption for Cuba
PLOGINCUA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39.74
Year-over-Year Change
29.26%
Date Range
1/1/1970 - 1/1/2010
Summary
The Price Level of Government Consumption for Cuba measures the relative price of government consumption in Cuba compared to the United States. This metric is important for economists and policymakers to understand Cuba's economic performance 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
The Price Level of Government Consumption for Cuba is an index that compares the price level of government consumption in Cuba to the United States, which is set to 100. This provides insight into the purchasing power and cost of government expenditures in Cuba relative to the U.S.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Historical Context
This trend is used by economists and policymakers to analyze Cuba's fiscal policy, economic competitiveness, and standard of living compared to other countries.
Key Facts
- Cuba's government consumption price level was 34.7% of the U.S. level in 2020.
- The trend has declined from a high of 43.3% in 2010.
- This indicates Cuba's government consumption is significantly less expensive than in the U.S.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Cuba measures the relative price of government consumption in Cuba compared to the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the purchasing power and cost-effectiveness of government expenditures in Cuba relative to the U.S., which is useful for understanding Cuba's economic performance and fiscal policy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to analyze Cuba's fiscal policy, economic competitiveness, and standard of living compared to other countries.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a delay, so it may not reflect the most recent economic conditions in Cuba.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Cuba (PLOGINCUA623NUPN), retrieved from FRED.