Price Level of Government Consumption for Angola
PLGCPPAOA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.24
Year-over-Year Change
-60.87%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Government Consumption for Angola measures the prices paid by the Angolan government for goods and services. This trend is an important indicator of fiscal policy and public sector activity in the country.
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 relative price level of government consumption expenditures in Angola compared to a reference country or group. It provides insight into the costs faced by the Angolan government when procuring goods and services for public programs and operations.
Methodology
The data is calculated based on national accounts data and purchasing power parity adjustments.
Historical Context
Policymakers and economists use this metric to assess the efficiency and inflationary pressures in the Angolan public sector.
Key Facts
- The base year for this index is 2017.
- Angola's government consumption expenditures account for around 10% of GDP.
- The index has shown moderate volatility over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the relative price level of goods and services purchased by the Angolan government for public consumption and operations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the efficiency and inflationary pressures facing the Angolan public sector, which is crucial for assessing fiscal policy and economic performance.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts data and purchasing power parity adjustments.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to evaluate the costs and efficiency of government spending in Angola, which informs fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: There may be lags in data availability and potential revisions to historical figures due to the complex nature of calculating purchasing power parity adjustments.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Angola (PLGCPPAOA670NRUG), retrieved from FRED.