Price Level of Government Consumption for Lithuania
PLOGINLTA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
78.25
Year-over-Year Change
74.12%
Date Range
1/1/1993 - 1/1/2010
Summary
The Price Level of Government Consumption for Lithuania measures the relative price level of government consumption expenditures in the country. This metric is important for policymakers and economists to understand the cost-effectiveness of government spending.
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 Lithuania is an index that compares the price level of government consumption expenditures in Lithuania to the price level in a reference country or region, typically the United States. It provides insights into the relative cost of government services and can inform fiscal policy decisions.
Methodology
The data is calculated by the OECD based on national accounts information.
Historical Context
This metric is used by economists and policymakers to analyze the efficiency and cost-effectiveness of government spending in Lithuania.
Key Facts
- The index is set to 100 for the United States.
- Lithuania's index value was 66.4 in 2021.
- The index has fluctuated between 60 and 75 over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Lithuania measures the relative price level of government consumption expenditures in the country compared to a reference country or region.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for policymakers and economists to understand the cost-effectiveness of government spending in Lithuania and inform fiscal policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD based on national accounts information.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to analyze the efficiency and cost-effectiveness of government spending in Lithuania.
Q: Are there update delays or limitations?
A: The data is updated annually by the OECD, so there may be a delay in the most recent information being available.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Lithuania (PLOGINLTA623NUPN), retrieved from FRED.