Price Level of Government Consumption for Spain
PLOGINESA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.40
Year-over-Year Change
25.07%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of Government Consumption for Spain measures the relative cost of government consumption in Spain compared to the Euro area. This provides insight into the spending power of the Spanish government and its ability to allocate resources.
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, which includes spending on goods and services by the Spanish government. It is an important indicator of the fiscal position and purchasing power of the public sector in Spain relative to the broader Euro area.
Methodology
The data is calculated by Eurostat using national accounts data.
Historical Context
Policymakers and analysts use this metric to assess Spain's fiscal competitiveness and the relative efficiency of its public expenditures.
Key Facts
- Spain's government consumption price level is below the Euro area average.
- This indicates Spain's public sector has relatively greater purchasing power.
- The price level has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Spain measures the relative cost of government consumption in Spain compared to the Euro area.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the spending power and fiscal position of the Spanish public sector relative to the broader Euro area.
Q: How is this data collected or calculated?
A: The data is calculated by Eurostat using national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Spain's fiscal competitiveness and the relative efficiency of its public expenditures.
Q: Are there update delays or limitations?
A: The data is published quarterly by Eurostat with a typical delay of 2-3 months.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Spain (PLOGINESA623NUPN), retrieved from FRED.