Price Level of Government Consumption for Venezuela
PLOGINVEA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
144.01
Year-over-Year Change
41.99%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of Government Consumption for Venezuela measures the relative cost of government spending in the country compared to a global benchmark. It is a key indicator for economists and policymakers assessing Venezuela's economic performance and fiscal conditions.
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 price level of government consumption expenditures in Venezuela, providing insights into the cost-competitiveness of the public sector relative to other countries. It is used to evaluate Venezuela's fiscal policies and their impact on government operations.
Methodology
The data is calculated based on national accounts information reported by the Venezuelan government.
Historical Context
Trends in this index are monitored by international institutions and investors to gauge Venezuela's macroeconomic stability and policy environment.
Key Facts
- Venezuela has experienced high inflation in recent years.
- The government's fiscal policies have significantly impacted the economy.
- This index helps track the changing cost of public sector activities.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the price level of government consumption expenditures in Venezuela compared to a global benchmark, providing insights into the cost-competitiveness of the public sector.
Q: Why is this trend relevant for users or analysts?
A: Trends in this index are closely monitored by economists, policymakers, and investors to assess Venezuela's macroeconomic stability and the impact of fiscal policies on the country's economy.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts information reported by the Venezuelan government.
Q: How is this trend used in economic policy?
A: This index is used by international institutions and investors to gauge Venezuela's fiscal environment and the competitiveness of its public sector activities.
Q: Are there update delays or limitations?
A: The availability and timeliness of this data may be subject to limitations due to Venezuela's economic and political circumstances.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Venezuela (PLOGINVEA623NUPN), retrieved from FRED.