Price Level of Government Consumption for Sweden
PLOGINSEA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131.57
Year-over-Year Change
13.31%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of Government Consumption for Sweden measures the price index for government consumption expenditures in Sweden. This metric provides insight into inflationary pressures and the purchasing power of the government sector.
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 Sweden is an index that tracks the changes in prices paid by the Swedish government for goods and services. It is a key economic indicator used to assess the cost of government operations and the impact of inflation on public sector budgets.
Methodology
The data is collected by Statistics Sweden through surveys of government agencies and contractors.
Historical Context
This trend is closely monitored by Swedish policymakers and analysts to gauge the fiscal health of the public sector.
Key Facts
- Sweden's government consumption accounts for over 25% of GDP.
- The index has risen by 15% over the past decade.
- Government consumption is a major component of Sweden's aggregate demand.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Sweden measures the changes in prices paid by the Swedish government for the goods and services it purchases.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into inflationary pressures on the public sector and helps policymakers assess the fiscal health and purchasing power of government expenditures.
Q: How is this data collected or calculated?
A: The data is collected by Statistics Sweden through surveys of government agencies and contractors.
Q: How is this trend used in economic policy?
A: Swedish policymakers and analysts closely monitor this trend to gauge the impact of inflation on government budgets and operations.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 2-3 month release lag.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Sweden (PLOGINSEA623NUPN), retrieved from FRED.