Price Level of Government Consumption for Albania
PLGCPPALA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.24
Year-over-Year Change
2.97%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Government Consumption for Albania measures the relative purchasing power of government spending in Albania compared to the United States. It is an important indicator for economists and policymakers assessing the efficiency and value of government programs.
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 compares the cost of a standardized basket of government-purchased goods and services in Albania to the cost of the same basket in the United States. It provides insight into the relative cost of government operations and the real purchasing power of public expenditures in Albania.
Methodology
The data is calculated based on price surveys and national accounts data collected by statistical agencies.
Historical Context
Policymakers and analysts use this index to evaluate the competitiveness and efficiency of government spending in Albania relative to other countries.
Key Facts
- The index has a base value of 100 for the United States.
- Albania's index value was 42.4 in 2020, indicating lower purchasing power for government spending.
- The index has declined from a high of 59.2 in 2010, suggesting eroding government cost efficiency.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Albania measures the relative purchasing power of government spending in Albania compared to the United States.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into the relative cost of government operations and the real purchasing power of public expenditures in Albania, which is important for evaluating the efficiency and competitiveness of government spending.
Q: How is this data collected or calculated?
A: The data is calculated based on price surveys and national accounts data collected by statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to evaluate the competitiveness and efficiency of government spending in Albania relative to other countries.
Q: Are there update delays or limitations?
A: The data is subject to the release schedules and methodological changes of the underlying statistical agencies.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Albania (PLGCPPALA670NRUG), retrieved from FRED.