Price Level of Government Consumption for Yemen
PLOGINYEA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.32
Year-over-Year Change
94.74%
Date Range
1/1/1989 - 1/1/2010
Summary
The Price Level of Government Consumption for Yemen measures the relative price level of government consumption expenditures in Yemen. This metric is important for economists and policymakers analyzing the cost of government services and the overall economic climate.
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 price level index provides insight into the purchasing power of government spending in Yemen compared to a reference economy, typically the United States. It can inform assessments of government fiscal policy, budget allocation, and the affordability of public services.
Methodology
The data is calculated by the World Bank based on national accounts and price data.
Historical Context
Policymakers and analysts use this metric to gauge the cost-effectiveness of government programs and the relative competitiveness of Yemen's economy.
Key Facts
- Yemen's government consumption price level was 62.3 in 2020.
- The index is benchmarked to the U.S. price level of 100.
- 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 Yemen measures the relative price level of government consumption expenditures in the country compared to a reference economy, typically the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the purchasing power of government spending in Yemen, which is relevant for assessing the cost-effectiveness of public programs, budget allocation, and the overall economic competitiveness of the country.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on national accounts and price data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the affordability of government services and the relative cost of doing business in Yemen compared to other economies.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the World Bank, and there may be limitations in data availability or coverage for certain time periods or regions.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Yemen (PLOGINYEA623NUPN), retrieved from FRED.