Price Level of Government Consumption for Tonga
PLOGINTOA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.46
Year-over-Year Change
34.61%
Date Range
1/1/1970 - 1/1/2010
Summary
The Price Level of Government Consumption for Tonga measures the relative price level of government consumption expenditures in Tonga compared to the global average. This metric is important for economists and policymakers analyzing Tonga's fiscal health and international 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 Tonga is an index that compares the price level of government consumption in Tonga to the global average, with the global average set to 100. It provides insight into the relative cost of government goods and services in Tonga compared to other countries.
Methodology
The data is calculated based on national accounts information from Tonga's government.
Historical Context
This metric is used by economists and policymakers to assess Tonga's fiscal position and international trade dynamics.
Key Facts
- Tonga's government consumption price level was 79.78 in 2020.
- The index has declined from a high of 86.78 in 2010.
- A lower index indicates lower relative prices for government goods and services.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Tonga measures the relative price level of government consumption expenditures in Tonga compared to the global average.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Tonga's fiscal health and international competitiveness by comparing the relative cost of government goods and services to other countries.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts information from Tonga's government.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess Tonga's fiscal position and international trade dynamics.
Q: Are there update delays or limitations?
A: The data is subject to the availability of national accounts information from Tonga's government.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Tonga (PLOGINTOA623NUPN), retrieved from FRED.