Price Level of Government Consumption for Uruguay
PLOGINUYA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
154.84
Year-over-Year Change
8.40%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of Government Consumption for Uruguay measures the cost of government spending in the country. It is an important indicator for assessing the fiscal health and policy choices of the Uruguayan government.
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 relative price level of government consumption expenditures in Uruguay compared to a reference base period. It provides insight into the purchasing power and cost-effectiveness of the public sector's spending on goods and services.
Methodology
The data is collected by the World Bank and calculated as an index based on underlying national accounts information.
Historical Context
Policymakers and analysts use this metric to evaluate the efficiency and affordability of the Uruguayan government's fiscal operations.
Key Facts
- Uruguay's government consumption price index was 98.26 in 2020.
- The index has increased by 23% since 2010.
- Government consumption accounts for over 15% of Uruguay's GDP.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the relative price level of government consumption expenditures in Uruguay. It provides insight into the purchasing power and cost-effectiveness of the public sector's spending.
Q: Why is this trend relevant for users or analysts?
A: This indicator is useful for assessing the fiscal health and policy choices of the Uruguayan government. It helps evaluate the efficiency and affordability of public sector spending.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank and calculated as an index based on underlying national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the efficiency and affordability of the Uruguayan government's fiscal operations and spending decisions.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a potential delay of 1-2 years before the latest figures are available.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Uruguay (PLOGINUYA623NUPN), retrieved from FRED.