Price Level of Government Consumption for Fiji
PLOGINFJA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
63.06
Year-over-Year Change
18.71%
Date Range
1/1/1960 - 1/1/2010
Summary
The Price Level of Government Consumption for Fiji measures the cost of government goods and services in the Fijian economy. This metric is a key indicator of public sector spending and inflationary pressures.
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 tracks the price changes of the goods and services purchased by the Fijian government. It provides insights into the inflationary environment and the real purchasing power of government budgets.
Methodology
The data is calculated based on government expenditure surveys and national accounts data.
Historical Context
This indicator is used by policymakers and analysts to assess fiscal policy and the overall health of the Fijian economy.
Key Facts
- Fiji is an island nation in the South Pacific.
- Government consumption accounts for over 15% of Fiji's GDP.
- The price level of government consumption has risen by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Fiji tracks the prices of goods and services purchased by the Fijian government.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into government spending and inflationary pressures in the Fijian economy, which is important for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is calculated based on government expenditure surveys and national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess fiscal policy and the overall health of the Fijian economy.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 quarter delay due to the time required to collect and process the underlying survey information.
Related Trends
Price Level of Consumption for Mexico
PLOCONMXA622NUPN
Price Level of GDP, average of GEKS-CPDW for Costa Rica
PL2GDPCRA621NUPN
Price Level of Investment for Burundi
PLOINVBIA624NUPN
Price Level of Investment for Maldives
PLOINVMVA624NUPN
Price Level of Consumption for Bangladesh
PLOCONBDA622NUPN
Price Level of GDP, G-K method for Oman
PLOGDPOMA621NUPN
Citation
U.S. Federal Reserve, Price Level of Government Consumption for Fiji (PLOGINFJA623NUPN), retrieved from FRED.