Price Level of Government Consumption for Solomon Islands
PLOGINSBA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.12
Year-over-Year Change
48.97%
Date Range
1/1/1970 - 1/1/2010
Summary
The Price Level of Government Consumption for Solomon Islands measures the relative price level of government consumption expenditures in the country. This data point is important for economists and policymakers to assess fiscal policy and government spending dynamics.
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 government in Solomon Islands, providing insight into the cost of public sector activities. It is a key economic indicator used to evaluate government fiscal policies and their impacts on the broader economy.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
Policymakers and analysts use this metric to understand government spending patterns and their potential influence on inflation, economic growth, and resource allocation.
Key Facts
- Solomon Islands is a developing island nation in the South Pacific.
- Government consumption accounts for a significant portion of the country's GDP.
- Tracking the price level of government spending helps assess fiscal sustainability.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Solomon Islands measures the relative cost of goods and services purchased by the government in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating the efficiency and sustainability of government fiscal policies and their potential impacts on the broader economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and price data for Solomon Islands.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to understand government spending patterns and their potential influence on inflation, economic growth, and resource allocation.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting or revisions by the collecting institution.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Solomon Islands (PLOGINSBA623NUPN), retrieved from FRED.