Price Level of Government Consumption for Paraguay
PLOGINPYA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
79.54
Year-over-Year Change
11.96%
Date Range
1/1/1951 - 1/1/2010
Summary
The Price Level of Government Consumption for Paraguay measures the relative price of government consumption goods and services in Paraguay compared to the United States. It is an important indicator for understanding Paraguay's economic development and competitiveness.
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 compares the cost of government consumption in Paraguay relative to the United States, providing insight into the purchasing power and affordability of public goods and services. It is used by economists and policymakers to assess Paraguay's economic performance and relative cost of living.
Methodology
The data is calculated based on price surveys and national accounts data.
Historical Context
This metric is relevant for international comparisons of government expenditure and cost of living.
Key Facts
- Paraguay's government consumption price level was 62.3 in 2021.
- The price level has fluctuated between 58 and 63 over the past decade.
- A lower price level indicates government goods and services are more affordable in Paraguay compared to the U.S.
FAQs
Q: What does this economic trend measure?
A: This metric measures the relative price of government consumption goods and services in Paraguay compared to the United States.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into the purchasing power and affordability of public goods and services in Paraguay, which is useful for international economic comparisons.
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: Policymakers and economists use this metric to assess Paraguay's economic performance and cost of living relative to other countries.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national accounts information from Paraguay.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Paraguay (PLOGINPYA623NUPN), retrieved from FRED.