Price Level of Government Consumption for Dominican Republic
PLOGINDOA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.10
Year-over-Year Change
24.06%
Date Range
1/1/1951 - 1/1/2010
Summary
The Price Level of Government Consumption for the Dominican Republic is an economic indicator that measures the price level of government consumption expenditures. It provides insights into the spending power and purchasing decisions of the Dominican government.
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 goods and services purchased by the Dominican government for public consumption. It is used by economists and policymakers to analyze government spending patterns and evaluate the impact on the broader economy.
Methodology
The data is collected by the World Bank and calculated based on national accounts information.
Historical Context
Monitoring this trend can inform fiscal policy decisions and assessments of government economic management.
Key Facts
- The base year for this index is 2010.
- Government consumption accounts for approximately 10% of Dominican Republic's GDP.
- Tracking this metric helps monitor inflationary pressures in the public sector.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the overall price level of goods and services purchased by the Dominican government for public consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: Monitoring this trend provides insights into government spending patterns and can inform fiscal policy decisions and assessments of economic management.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank and calculated based on national accounts information.
Q: How is this trend used in economic policy?
A: This metric can be used by economists and policymakers to analyze government spending and its impact on the broader Dominican Republic economy.
Q: Are there update delays or limitations?
A: The data is published regularly by the World Bank, but there may be some delays in availability.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Dominican Republic (PLOGINDOA623NUPN), retrieved from FRED.