Price Level of Government Consumption for Iran
PLOGINIRA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.23
Year-over-Year Change
46.05%
Date Range
1/1/1955 - 1/1/2010
Summary
The Price Level of Government Consumption for Iran measures the price index for government consumption expenditures in the Iranian economy. This metric is a key indicator of fiscal policy and government spending trends.
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 series tracks the price level or inflation rate of government consumption, a major component of Iran's gross domestic product (GDP). It provides insights into the cost of government operations and can inform policymakers' fiscal and budgetary decisions.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF) as part of its World Economic Outlook database.
Historical Context
The price level of government consumption is a valuable data point for analyzing Iran's economic performance and the efficacy of its fiscal policies.
Key Facts
- The base year for this index is 2015.
- Government consumption accounts for approximately 15% of Iran's GDP.
- The index reached a high of 323.31 in 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the price level or inflation rate of government consumption expenditures in the Iranian economy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the cost of government operations and can inform policymakers' fiscal and budgetary decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund (IMF) as part of its World Economic Outlook database.
Q: How is this trend used in economic policy?
A: The price level of government consumption is a valuable data point for analyzing Iran's economic performance and the efficacy of its fiscal policies.
Q: Are there update delays or limitations?
A: The data is published by the IMF as part of its World Economic Outlook, which is typically updated on a semi-annual basis.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Iran (PLOGINIRA623NUPN), retrieved from FRED.