Price Level of Government Consumption for Senegal
PLOGINSNA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.26
Year-over-Year Change
43.01%
Date Range
1/1/1960 - 1/1/2010
Summary
The Price Level of Government Consumption for Senegal measures the relative cost of government spending in Senegal compared to the global average. It is an important indicator for assessing the efficiency and affordability of Senegal's public 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
This index tracks the price level of government consumption expenditures in Senegal relative to the global average. It provides insights into the cost-effectiveness of Senegal's public services and can inform policy decisions related to government spending and resource allocation.
Methodology
The data is calculated based on national accounts and purchasing power parity (PPP) exchange rates.
Historical Context
Policymakers and international institutions use this trend to evaluate Senegal's fiscal policy and the competitiveness of its public sector.
Key Facts
- Senegal's government consumption price level was 58.7 in 2020.
- The trend has declined from a high of 67.7 in 2010.
- Senegal's public sector costs are below the global average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the relative price level of government consumption expenditures in Senegal compared to the global average.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the cost-effectiveness and competitiveness of Senegal's public sector, which is important for evaluating fiscal policy and resource allocation.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts and purchasing power parity (PPP) exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers and international institutions use this trend to assess the efficiency of Senegal's government spending and the overall competitiveness of its public sector.
Q: Are there update delays or limitations?
A: The data is updated annually and may have a delay of 1-2 years depending on the availability of national accounts information.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Senegal (PLOGINSNA623NUPN), retrieved from FRED.