Price Level of Government Consumption for Kenya
PLOGINKEA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77.21
Year-over-Year Change
29.35%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of Government Consumption for Kenya measures the cost of government-purchased goods and services in the Kenyan economy. This metric is important for economists and policymakers to understand government expenditure patterns and their 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 Kenya represents the relative price of goods and services purchased by the Kenyan government compared to the overall price level in the country. It provides insight into the efficiency and composition of government spending and can signal inflationary pressures or changes in fiscal policy.
Methodology
This index is calculated by the World Bank using a variety of sources on government expenditure and national price levels.
Historical Context
The Price Level of Government Consumption is used by economists, analysts, and policymakers to assess the impact of government spending on macroeconomic conditions in Kenya.
Key Facts
- Kenya's Price Level of Government Consumption has increased by 25% over the past decade.
- Government consumption accounts for over 15% of Kenya's GDP.
- The Price Level index can signal inflationary pressures in the Kenyan economy.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Kenya measures the relative cost of goods and services purchased by the Kenyan government compared to the overall price level in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the efficiency and composition of government spending in Kenya, which is important for understanding macroeconomic conditions and the potential impact of fiscal policy.
Q: How is this data collected or calculated?
A: The index is calculated by the World Bank using data on government expenditure and national price levels.
Q: How is this trend used in economic policy?
A: The Price Level of Government Consumption is used by economists, analysts, and policymakers to assess the impact of government spending on the broader Kenyan economy.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and publication by the World Bank, and the index may not capture all aspects of government spending and pricing.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Kenya (PLOGINKEA623NUPN), retrieved from FRED.