Price Level of Government Consumption for Russia
PLOGINRUA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
73.06
Year-over-Year Change
141.57%
Date Range
1/1/1990 - 1/1/2010
Summary
The Price Level of Government Consumption for Russia measures the price level of government consumption expenditures and gross investment in Russia. This metric is important for economists and policymakers to assess the Russian government's fiscal policy and spending power.
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 Russia represents the price index for all government expenditures on final consumption goods and services, as well as gross fixed capital formation. It provides insight into the purchasing power and inflationary pressures faced by the Russian government.
Methodology
This data is calculated by the World Bank using national accounts and price data.
Historical Context
Policymakers and analysts monitor this trend to evaluate the fiscal health and policy choices of the Russian government.
Key Facts
- The base year for this index is 2017 = 100.
- Government consumption accounts for around 18% of Russia's GDP.
- Prices of government goods and services have risen steadily in recent years.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Russia measures the price index for all government expenditures on final consumption goods and services, as well as gross fixed capital formation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the purchasing power and inflationary pressures faced by the Russian government, which is crucial for evaluating the country's fiscal health and policy choices.
Q: How is this data collected or calculated?
A: This data is calculated by the World Bank using national accounts and price data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to evaluate the fiscal health and policy choices of the Russian government.
Q: Are there update delays or limitations?
A: The data is subject to the availability and publication schedule of the World Bank.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Russia (PLOGINRUA623NUPN), retrieved from FRED.