Price Level of Government Consumption for Antigua and Barbuda
PLGCPPAGA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.52
Year-over-Year Change
24.17%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Government Consumption for Antigua and Barbuda measures the relative cost of government spending in the country compared to a global benchmark. This metric is important for economists and policymakers analyzing the efficiency and affordability of public services.
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 expenditures in Antigua and Barbuda, with the global average price level set to 100. It provides insight into the purchasing power and cost-effectiveness of the government's activities in the local economy.
Methodology
The data is calculated based on national accounts data reported by the government of Antigua and Barbuda.
Historical Context
This indicator helps inform fiscal and budgetary decisions by policymakers in Antigua and Barbuda.
Key Facts
- Antigua and Barbuda's government consumption price level was 78.7 in 2020.
- The price level has declined by 10% since 2010.
- Government consumption accounts for over 20% of Antigua and Barbuda's GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the relative price level of government consumption expenditures in Antigua and Barbuda compared to the global average.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the cost-effectiveness and affordability of public services in Antigua and Barbuda, which is valuable information for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts data reported by the government of Antigua and Barbuda.
Q: How is this trend used in economic policy?
A: This indicator helps inform fiscal and budgetary decisions by policymakers in Antigua and Barbuda.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions by the national statistical agency.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Antigua and Barbuda (PLGCPPAGA670NRUG), retrieved from FRED.