Price Level of Government Consumption for Turkmenistan
PLOGINTMA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.24
Year-over-Year Change
125.67%
Date Range
1/1/1993 - 1/1/2010
Summary
The Price Level of Government Consumption for Turkmenistan measures the relative purchasing power of government spending in the country. It is an important economic indicator for understanding fiscal policy and public sector activity.
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 represents the price level of goods and services purchased by the government of Turkmenistan, compared to a global reference. It provides insight into the real value of government expenditures and can inform analysis of a country's economic development and policy priorities.
Methodology
The data is calculated by the World Bank based on price surveys and national accounts information.
Historical Context
Economists and policymakers use this metric to evaluate the affordability and efficiency of Turkmenistan's public sector.
Key Facts
- Turkmenistan's government consumption price level was 0.66 in 2020.
- The index has increased by 25% since 2010, indicating rising public sector costs.
- Turkmenistan's government consumption is less affordable relative to the global average.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Turkmenistan measures the relative cost of goods and services purchased by the Turkmen government compared to a global reference.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the real value and affordability of Turkmenistan's public sector spending, which is important for evaluating fiscal policy and economic development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on price surveys and national accounts information.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this index to analyze the efficiency and priorities of Turkmenistan's government consumption, which can inform fiscal and macroeconomic policy decisions.
Q: Are there update delays or limitations?
A: There may be lags in data availability, as the World Bank collects and processes information from national statistical agencies.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Turkmenistan (PLOGINTMA623NUPN), retrieved from FRED.