Price Level of Government Consumption for Eritrea
PLOGINERA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.92
Year-over-Year Change
38.24%
Date Range
1/1/1992 - 1/1/2010
Summary
The Price Level of Government Consumption for Eritrea measures the price index for government spending in the country. It is a key indicator for understanding Eritrea's fiscal and economic conditions.
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 series tracks the price level of government consumption expenditures in Eritrea, including spending on public services, goods, and wages. It provides insights into the real purchasing power of the government and can inform policy decisions related to fiscal management and public finance.
Methodology
The data is collected and calculated by the World Bank based on national accounts information.
Historical Context
Policymakers and economists use this index to assess the inflationary pressures and real-terms value of government spending in Eritrea.
Key Facts
- Eritrea is a country located in the Horn of Africa.
- Government consumption accounts for a significant portion of Eritrea's GDP.
- The price level of government consumption has important implications for fiscal policy.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Eritrea measures the price index for government spending in the country, providing insights into the real purchasing power of the government.
Q: Why is this trend relevant for users or analysts?
A: This index is relevant for understanding Eritrea's fiscal conditions and informing policy decisions related to public finance and government spending.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess the inflationary pressures and real-terms value of government spending in Eritrea, which can inform fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data may be subject to update delays or limitations typical of international economic statistics for developing countries.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Eritrea (PLOGINERA623NUPN), retrieved from FRED.