Price Level of Government Consumption for Togo
PLOGINTGA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64.20
Year-over-Year Change
18.87%
Date Range
1/1/1960 - 1/1/2010
Summary
The Price Level of Government Consumption for Togo measures the relative cost of government goods and services in Togo compared to the global average. This metric is important for economists and policymakers to assess Togo's fiscal policy and competitiveness.
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 Togo is an index that represents the purchasing power of government expenditure in Togo relative to the global average. It provides insight into the cost structure and efficiency of Togo's public sector compared to other countries.
Methodology
This data is calculated by the World Bank using national accounts data and purchasing power parity conversion factors.
Historical Context
Policymakers and investors use this metric to evaluate Togo's fiscal policy and the competitiveness of its public sector.
Key Facts
- Togo's government consumption price level was 56.3 in 2020.
- The global average price level for government consumption is 100.
- Togo's public sector is relatively inexpensive compared to other countries.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Togo measures the relative cost of government goods and services in Togo compared to the global average.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the cost structure and efficiency of Togo's public sector, which is relevant for evaluating the country's fiscal policy and economic competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Policymakers and investors use this metric to assess Togo's fiscal policy and the competitiveness of its public sector.
Q: Are there update delays or limitations?
A: The data may have some update delays due to the time required to collect and process national accounts information.
Related Trends
Price Level of Government Consumption for Greece
PLOGINGRA623NUPN
Price Level of Government Consumption for Israel
PLOGINILA623NUPN
Price Level of GDP, G-K method for Bolivia
PLOGDPBOA621NUPN
Price Level of GDP, G-K method for Oman
PLOGDPOMA621NUPN
Price Level of Investment for Romania
PLOINVROA624NUPN
Price Level of GDP, average of GEKS-CPDW for Bahrain
PL2GDPBHA621NUPN
Citation
U.S. Federal Reserve, Price Level of Government Consumption for Togo (PLOGINTGA623NUPN), retrieved from FRED.