Price Level of Government Consumption for Lebanon
PLOGINLBA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117.10
Year-over-Year Change
20.33%
Date Range
1/1/1970 - 1/1/2010
Summary
The Price Level of Government Consumption for Lebanon measures the purchasing power of government spending in the country. It is an important indicator for economists and policymakers to assess the real value of public resources.
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 index tracks the relative cost of government consumption goods and services in Lebanon compared to the global average. It reflects the purchasing power and affordability of government expenditure in the local economy.
Methodology
The data is calculated based on price surveys and national accounts information.
Historical Context
The price level is used to evaluate the real impact of fiscal policy and government programs in Lebanon.
Key Facts
- Lebanon's government consumption price level was 78.47 in 2020.
- The index has declined from a high of 92.24 in 2005.
- Lower price levels indicate reduced purchasing power for government spending.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Lebanon measures the relative purchasing power of government spending in the country compared to the global average.
Q: Why is this trend relevant for users or analysts?
A: This indicator is important for evaluating the real impact and affordability of government programs and fiscal policy in Lebanon.
Q: How is this data collected or calculated?
A: The data is calculated based on price surveys and national accounts information.
Q: How is this trend used in economic policy?
A: The price level is used by economists and policymakers to assess the real value and impact of government spending and fiscal measures in Lebanon.
Q: Are there update delays or limitations?
A: The data may have some delays in reporting due to the availability of underlying sources.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Lebanon (PLOGINLBA623NUPN), retrieved from FRED.