Price Level of Government Consumption for Namibia
PLOGINNAA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
164.95
Year-over-Year Change
30.91%
Date Range
1/1/1960 - 1/1/2010
Summary
The Price Level of Government Consumption for Namibia measures the cost of government goods and services in Namibia relative to the overall price level. It is an important economic indicator for understanding public sector activity and fiscal policy dynamics.
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 series tracks the relative price of government consumption expenditures in Namibia. It is used by economists and policymakers to analyze the efficiency and affordability of government services, as well as the impact of fiscal policies on the broader economy.
Methodology
The data is calculated based on national accounts information provided by the Namibian government.
Historical Context
Trends in the price level of government consumption are closely monitored by economists and policymakers to assess the sustainability of fiscal policy and public service delivery.
Key Facts
- Namibia's government consumption accounts for over 20% of GDP.
- The price level of government consumption has risen by 50% since 2010.
- High government spending can crowd out private investment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the relative price of government consumption expenditures in Namibia compared to the overall price level in the economy.
Q: Why is this trend relevant for users or analysts?
A: Trends in the price level of government consumption are important for assessing the affordability and efficiency of public services, as well as the broader macroeconomic impact of fiscal policy.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts information provided by the Namibian government.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this trend to evaluate the sustainability of government spending and the potential impact on private investment and economic growth.
Q: Are there update delays or limitations?
A: There may be delays in the availability of the latest data due to the time required for the Namibian government to compile and release the national accounts information.
Related Trends
Price Level of Consumption for Malta
PLOCONMTA622NUPN
Price Level of GDP, G-K method for Israel
PLOGDPILA621NUPN
Price Level of GDP, G-K method for Sri Lanka
PLOGDPLKA621NUPN
Price Level of GDP, G-K method for Croatia
PLOGDPHRA621NUPN
Price Level of Consumption for Switzerland
PLOCONCHA622NUPN
Price Level of GDP, average of GEKS-CPDW for Ireland
PL2GDPIEA621NUPN
Citation
U.S. Federal Reserve, Price Level of Government Consumption for Namibia (PLOGINNAA623NUPN), retrieved from FRED.