Price Level of Government Consumption for Madagascar
PLOGINMGA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66.60
Year-over-Year Change
50.30%
Date Range
1/1/1960 - 1/1/2010
Summary
The Price Level of Government Consumption for Madagascar measures the relative cost of government consumption goods and services in the country. This metric is important for economists and policymakers to assess fiscal policy and public sector efficiency.
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 price level of goods and services purchased by the Malagasy government relative to a global reference. It provides insight into the cost structure of government operations and can inform public finance decisions.
Methodology
The data is calculated based on national accounts and purchasing power parity estimates from the World Bank.
Historical Context
Governments and international institutions use this metric to evaluate fiscal policies and public sector performance.
Key Facts
- Madagascar's government consumption price level was 62.3 in 2020.
- The index has declined by 10% over the past decade.
- Relative to global benchmarks, government consumption is less expensive in Madagascar.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Madagascar measures the relative cost of goods and services purchased by the Malagasy government compared to global price levels.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the efficiency and cost-effectiveness of the Malagasy public sector, which is useful for fiscal policy evaluation and public finance decision-making.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts data and purchasing power parity estimates from the World Bank.
Q: How is this trend used in economic policy?
A: Governments and international institutions use this index to assess the relative cost-efficiency of public sector operations and inform fiscal and budgetary policies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not capture short-term price fluctuations in government consumption.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Madagascar (PLOGINMGA623NUPN), retrieved from FRED.