Price Level of Government Consumption for Malaysia
PLOGINMYA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
78.10
Year-over-Year Change
23.71%
Date Range
1/1/1955 - 1/1/2010
Summary
The Price Level of Government Consumption for Malaysia measures the price changes of government spending on goods and services in the country. This metric is crucial for understanding the inflationary pressures faced by the Malaysian economy.
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 Malaysia is an economic indicator that tracks the price changes of goods and services purchased by the government. It provides insight into the cost of government operations and is used by policymakers to assess the fiscal and monetary environment.
Methodology
The data is calculated by the International Monetary Fund based on national accounts data.
Historical Context
This trend is monitored by economists and policymakers to gauge the effectiveness of government policies and their impact on the overall price level in the Malaysian economy.
Key Facts
- The base year for the Price Level of Government Consumption for Malaysia is 2015.
- This metric has shown steady increases over the past decade, reflecting rising costs of government operations.
- Tracking the Price Level of Government Consumption is crucial for assessing the sustainability of fiscal policies in Malaysia.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Malaysia measures the price changes of goods and services purchased by the government in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the inflationary pressures faced by the Malaysian economy and evaluating the effectiveness of government policies.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund based on national accounts data.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the fiscal and monetary environment and the sustainability of government spending in Malaysia.
Q: Are there update delays or limitations?
A: The data is published regularly by the International Monetary Fund, but there may be occasional delays in reporting due to the complexity of national accounts data.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Malaysia (PLOGINMYA623NUPN), retrieved from FRED.