Price Level of Government Consumption for St.Vincent and Grenadines
PLOGINVCA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50.68
Year-over-Year Change
-4.82%
Date Range
1/1/1970 - 1/1/2010
Summary
The Price Level of Government Consumption for St. Vincent and Grenadines measures the relative cost of government consumption in the country compared to the United States.
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 government consumption goods and services in St. Vincent and Grenadines relative to the U.S. It is used to compare the purchasing power and cost of living between countries.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
Policymakers and economists use this index to analyze the competitiveness and affordability of a country's public sector expenditures.
Key Facts
- The index is benchmarked to the U.S. price level of 100.
- St. Vincent and Grenadines' government consumption is 62.3% of the U.S. price level as of the latest data.
- The index can be used to adjust public sector budgets for international comparisons.
FAQs
Q: What does this economic trend measure?
A: This index measures the relative price level of government consumption goods and services in St. Vincent and Grenadines compared to the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating the affordability and competitiveness of a country's public sector expenditures in an international context.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and price data.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to analyze the purchasing power and cost-effectiveness of government consumption in St. Vincent and Grenadines.
Q: Are there update delays or limitations?
A: The data is updated periodically by the World Bank, but may have some delay compared to other economic indicators.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for St.Vincent and Grenadines (PLOGINVCA623NUPN), retrieved from FRED.