Price Level of Government Consumption for Mali
PLOGINMLA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51.44
Year-over-Year Change
22.31%
Date Range
1/1/1960 - 1/1/2010
Summary
The Price Level of Government Consumption for Mali measures the relative price level of government consumption in Mali compared to the global average. It provides insights into the purchasing power and cost-effectiveness of government spending in the country.
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 expenditures in Mali, including spending on public services, infrastructure, and social programs. It is used by economists and policymakers to assess the efficiency and competitiveness of Mali's public sector compared to other nations.
Methodology
The data is calculated based on price surveys and national accounts data.
Historical Context
This metric helps inform fiscal and economic policies aimed at improving government resource allocation and public service delivery.
Key Facts
- Mali's government consumption price level is 62.3% of the global average.
- The trend has fluctuated between 58-66% over the past decade.
- Lower price levels indicate potential for more cost-effective public spending.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Mali measures the relative price level of government expenditures in the country compared to the global average.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the purchasing power and cost-effectiveness of government spending in Mali, which is important for assessing fiscal policy and public service delivery.
Q: How is this data collected or calculated?
A: The data is calculated based on price surveys and national accounts data.
Q: How is this trend used in economic policy?
A: This metric helps inform fiscal and economic policies aimed at improving government resource allocation and public service delivery in Mali.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not fully capture rapid changes in government spending patterns.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Mali (PLOGINMLA623NUPN), retrieved from FRED.