Price Level of Government Consumption for Guatemala
PLOGINGTA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.58
Year-over-Year Change
28.33%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of Government Consumption for Guatemala measures the relative price level of government consumption expenditures in the country. This metric is important for understanding the overall cost structure and efficiency of the public sector.
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 index provides insights into the relative cost of government goods and services in Guatemala compared to the rest of the world. This can inform policy decisions around public spending, taxation, and government efficiency.
Methodology
The data is calculated by the World Bank using national accounts data and purchasing power parity (PPP) exchange rates.
Historical Context
Economists and policymakers analyze this trend to assess the competitiveness and cost-effectiveness of the Guatemalan government sector.
Key Facts
- Guatemala's government consumption price level was 60.6% of the U.S. level in 2020.
- The price level has remained relatively stable over the past decade.
- Comparing government consumption prices can inform discussions on public sector efficiency.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Guatemala measures the relative price of government goods and services in the country compared to international benchmarks.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the cost-effectiveness and competitiveness of the Guatemalan public sector, which is important for fiscal policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data and purchasing power parity (PPP) exchange rates.
Q: How is this trend used in economic policy?
A: Economists and policymakers analyze this trend to assess the efficiency of government spending and make informed decisions about public sector budgets and reforms.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Guatemala (PLOGINGTA623NUPN), retrieved from FRED.