Price Level of Government Consumption for Marshall Islands
PLOGINMHA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.30
Year-over-Year Change
-12.02%
Date Range
1/1/1970 - 1/1/2010
Summary
The Price Level of Government Consumption for Marshall Islands measures the relative cost of government spending in the Marshall Islands compared to the United States. It is a key indicator for understanding the purchasing power and fiscal conditions in the Marshall Islands.
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 government consumption goods and services in the Marshall Islands, providing insights into the relative affordability of government expenditures. It is used by economists and policymakers to assess the fiscal environment and cost-of-living dynamics within the Marshall Islands.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using price surveys and national accounts information.
Historical Context
This trend is relevant for understanding the economic conditions and policy considerations for the Marshall Islands and its relationship with the United States.
Key Facts
- The base year for this index is 2012.
- Marshall Islands is a U.S. Associated State in the Pacific Ocean.
- Government consumption accounts for a significant portion of the Marshall Islands' economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the relative price level of government consumption goods and services in the Marshall Islands compared to the United States.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the purchasing power and fiscal environment in the Marshall Islands, which is important for understanding the economic conditions and policy considerations.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using price surveys and national accounts information.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the cost-of-living dynamics and fiscal conditions in the Marshall Islands, which informs decision-making and policy discussions.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of the underlying price and national accounts information for the Marshall Islands.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Marshall Islands (PLOGINMHA623NUPN), retrieved from FRED.