Price Level of Government Consumption for the Gambia
PLOGINGMA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.60
Year-over-Year Change
-48.06%
Date Range
1/1/1960 - 1/1/2010
Summary
The Price Level of Government Consumption for the Gambia measures changes in the price of goods and services purchased by the Gambian government. This indicator provides insights into government spending and its impact on the broader economy.
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 for the Gambia is an index that tracks the prices of goods and services consumed by the Gambian government. It is used to analyze the cost of government operations and understand how changes in government spending can influence economic conditions.
Methodology
The data is calculated based on government expenditure surveys and national accounts data.
Historical Context
This trend is relevant for policymakers, economists, and analysts who study the Gambian economy and the role of government fiscal policy.
Key Facts
- The base year for the index is 2010.
- Government consumption accounts for approximately 10% of Gambia's GDP.
- The index has shown moderate increases in recent years.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for the Gambia measures changes in the prices of goods and services purchased by the Gambian government.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into government spending patterns and its impact on the broader Gambian economy, which is useful for policymakers, economists, and market analysts.
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: This trend is used by policymakers and economists to analyze the cost of government operations and understand how changes in government spending can influence economic conditions in The Gambia.
Q: Are there update delays or limitations?
A: The data is published regularly, but there may be occasional delays in reporting due to the nature of government expenditure surveys.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for the Gambia (PLOGINGMA623NUPN), retrieved from FRED.