Price Level of Government Consumption for Romania
PLOGINROA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76.21
Year-over-Year Change
228.35%
Date Range
1/1/1960 - 1/1/2010
Summary
The Price Level of Government Consumption for Romania measures the national price index for government consumption expenditures. This important economic indicator helps policymakers understand inflationary pressures and the government's fiscal position.
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 Romania tracks the prices paid by the Romanian government for its consumption of goods and services. This can include wages, purchases of military equipment, and spending on public services. The index is a key input for analyzing the government's fiscal health and broader macroeconomic trends.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
This index is used by economists, investors, and policymakers to assess the Romanian government's spending power and the overall state of the economy.
Key Facts
- The index has a base year of 2017 = 100.
- Government consumption accounts for around 10% of Romania's GDP.
- The index reached a high of 128.9 in 2021.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Romania measures the national price index for goods and services purchased by the Romanian government.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into inflationary pressures on government spending and the overall fiscal position of the Romanian government.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and price data.
Q: How is this trend used in economic policy?
A: Economists, investors, and policymakers use this index to assess the Romanian government's spending power and the state of the broader economy.
Q: Are there update delays or limitations?
A: The data is published with a lag, and the index may not capture all government consumption due to limitations in data collection.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Romania (PLOGINROA623NUPN), retrieved from FRED.