Price Level of Government Consumption for Pakistan
PLOGINPKA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.85
Year-over-Year Change
1.16%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of Government Consumption for Pakistan measures the relative price level of government consumption expenditures in the country. This metric is crucial for economists and policymakers to assess the efficiency and cost-effectiveness of government 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
This index tracks the price level of goods and services purchased by the Pakistani government for public consumption. It provides insight into inflationary pressures and the real purchasing power of government budgets, informing fiscal policy decisions.
Methodology
The data is calculated based on national accounts data and price indices compiled by the Pakistani government.
Historical Context
Policymakers use this metric to monitor and manage government expenditures in relation to economic conditions.
Key Facts
- The base year for this index is 2017.
- Government consumption accounts for approximately 10% of Pakistan's GDP.
- The index reached a high of 143.8 in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the relative price level of goods and services purchased by the Pakistani government for public consumption expenditures.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for economists and policymakers to assess the efficiency and cost-effectiveness of government spending in Pakistan.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts data and price indices compiled by the Pakistani government.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to monitor and manage government expenditures in relation to economic conditions in Pakistan.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and data collection methods of the Pakistani government.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Pakistan (PLOGINPKA623NUPN), retrieved from FRED.