Price Level of Government Consumption for Federated States of Micronesia
PLOGINFMA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47.16
Year-over-Year Change
-10.04%
Date Range
1/1/1970 - 1/1/2010
Summary
The Price Level of Government Consumption for Federated States of Micronesia (PLOGINFMA623NUPN) measures the price index for government consumption expenditures in the Federated States of Micronesia. This metric is important for economists and policymakers to understand trends in public sector costs and the overall price environment.
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 PLOGINFMA623NUPN series represents the price level of government consumption expenditures in the Federated States of Micronesia, a sovereign country in the Federated States of Micronesia. This index is used to analyze the purchasing power of government budgets and monitor inflationary pressures in the public sector.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and government accounts.
Historical Context
This economic indicator provides context for fiscal and monetary policy decisions affecting the Federated States of Micronesia.
Key Facts
- The base year for the PLOGINFMA623NUPN index is 2012.
- Micronesia is a Freely Associated State of the United States.
- Government consumption makes up a significant portion of Micronesia's GDP.
FAQs
Q: What does this economic trend measure?
A: The PLOGINFMA623NUPN series measures the price level of government consumption expenditures in the Federated States of Micronesia. It represents the purchasing power of government budgets and spending.
Q: Why is this trend relevant for users or analysts?
A: This indicator is important for understanding inflationary pressures and cost trends in the public sector of Micronesia, which is relevant for fiscal and economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys and government accounts.
Q: How is this trend used in economic policy?
A: The PLOGINFMA623NUPN index provides context for fiscal and monetary policy decisions affecting the Federated States of Micronesia.
Q: Are there update delays or limitations?
A: The PLOGINFMA623NUPN data may have update delays or limitations due to the small size and remote location of the Federated States of Micronesia.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Federated States of Micronesia (PLOGINFMA623NUPN), retrieved from FRED.