Price Level of Government Consumption for Peru
PLOGINPEA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
81.47
Year-over-Year Change
1.58%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of Government Consumption for Peru measures the price index of government consumption expenditures relative to the overall price level in the country. This metric is crucial for assessing the efficiency and allocation of public spending.
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 represents the cost of government-purchased goods and services compared to the general cost of living in Peru. Economists and policymakers use this data to evaluate the government's fiscal policies and their impact on the broader economy.
Methodology
The data is calculated based on national accounts and household survey information.
Historical Context
This metric provides important context for analyzing Peru's fiscal and macroeconomic policies.
Key Facts
- Peru's government consumption accounts for over 10% of its GDP.
- The price level of government consumption has risen by 20% over the past decade.
- High government consumption costs can crowd out private investment.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Peru measures the relative cost of goods and services purchased by the Peruvian government compared to the overall price level in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating the efficiency and composition of government spending in Peru and its impact on the broader economy.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts and household survey information.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to analyze the fiscal policies of the Peruvian government and their macroeconomic implications.
Q: Are there update delays or limitations?
A: The data is subject to the availability and publication schedule of national statistical agencies.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Peru (PLOGINPEA623NUPN), retrieved from FRED.