Price Level of Government Consumption for Ethiopia
PLOGINETA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.05
Year-over-Year Change
10.19%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of Government Consumption for Ethiopia measures the relative purchasing power of government consumption expenditures in the country. It is a key indicator for understanding Ethiopia's economic development 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
This index tracks the price level of government consumption goods and services in Ethiopia compared to the global average. It provides insights into the real value of government spending and can inform policy decisions related to public finance and resource allocation.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
Policymakers and economists use this trend to analyze the efficiency of government spending and its impact on the broader economy.
Key Facts
- Ethiopia's government consumption price level was 58.4 in 2020.
- The index has risen steadily from 39.3 in 2000 to 58.4 in 2020.
- Higher values indicate government consumption is more expensive in Ethiopia relative to the global average.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Ethiopia tracks the relative purchasing power of government expenditures in the country compared to the global average.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the efficiency and real value of government spending in Ethiopia, which is crucial for fiscal policy and economic development analysis.
Q: How is this data collected or calculated?
A: The World Bank calculates this index using national accounts and price data for Ethiopia.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to evaluate the effectiveness of government spending and its impact on the broader Ethiopian economy.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a slight delay in availability.
Related Trends
Price Level of GDP, G-K method for the Gambia
PLOGDPGMA621NUPN
Price Level of GDP, average of GEKS-CPDW for Algeria
PL2GDPDZA621NUPN
Price Level of Government Consumption for Czech Republic
PLOGINCZA623NUPN
Price Level of GDP, G-K method for St. Kitts and Nevis
PLOGDPKNA621NUPN
Price Level of Consumption for Canada
PLOCONCAA622NUPN
Price Level of Investment for Guatemala
PLOINVGTA624NUPN
Citation
U.S. Federal Reserve, Price Level of Government Consumption for Ethiopia (PLOGINETA623NUPN), retrieved from FRED.