Price Level of Government Consumption for Zambia
PLOGINZMA623NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.21
Year-over-Year Change
-8.47%
Date Range
1/1/1955 - 1/1/2010
Summary
The Price Level of Government Consumption for Zambia tracks the relative cost of government spending in the country. This measure is important for economists and policymakers to assess the purchasing power of government budgets.
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 Zambia is an index that compares the cost of government goods and services in the country to a global benchmark. It provides insight into the real value of government spending and can inform fiscal policy decisions.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
This metric helps contextualize Zambia's government expenditure in relation to global price levels.
Key Facts
- Zambia's government consumption price level was 57.58 in 2020.
- The index is based on 2017 as the reference year (= 100).
- Higher values indicate relatively more expensive government goods and services.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Zambia tracks the relative cost of government goods and services in the country compared to a global benchmark.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the real purchasing power of Zambia's government spending, which is useful for fiscal policy analysis and international economic comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data and price information.
Q: How is this trend used in economic policy?
A: Policymakers can use this index to assess the real value of Zambia's government expenditure and make informed fiscal policy decisions.
Q: Are there update delays or limitations?
A: This data is published annually with a lag, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Zambia (PLOGINZMA623NUPN), retrieved from FRED.