Price Level of Government Consumption for Argentina
PLGCPPARA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.31
Year-over-Year Change
-32.98%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Government Consumption for Argentina measures the relative cost of government goods and services in the country compared to the United States. It is an important indicator for analyzing Argentina's fiscal and economic conditions.
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 price level of government consumption expenditures in Argentina, providing insight into the cost of public services and goods relative to the U.S. It is a key metric used by economists and policymakers to assess Argentina's macroeconomic performance and competitiveness.
Methodology
The data is calculated based on national accounts information and purchasing power parity adjustments.
Historical Context
The price level of government consumption is relevant for evaluating Argentina's fiscal and trade policies, as well as its overall economic competitiveness.
Key Facts
- Argentina's government consumption price level is over 50% higher than the U.S.
- The index has remained relatively stable since 2010, fluctuating between 150-160.
- High government consumption prices can impact Argentina's international competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Argentina measures the relative cost of government goods and services in the country compared to the United States.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into Argentina's fiscal conditions and economic competitiveness, which is important for policymakers and analysts evaluating the country's macroeconomic performance.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts information and purchasing power parity adjustments.
Q: How is this trend used in economic policy?
A: The price level of government consumption is relevant for evaluating Argentina's fiscal and trade policies, as well as its overall economic competitiveness.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Federal Reserve, with minimal delays.
Related Trends
Price Level of Capital Formation for Viet Nam
PLICPPVNA670NRUG
Price Level of Capital Formation for Central African Republic
PLICPPCFA670NRUG
Price Level of Exports for Brunei Darussalam
PLXCPPBNA670NRUG
Price Level of Household Consumption for Niger
PLCCPPNEA670NRUG
Price Level of the Capital Stock for Antigua and Barbuda
PLKCPPAGA670NRUG
Price Level of Imports for Czech Republic
PLMCPPCZA670NRUG
Citation
U.S. Federal Reserve, Price Level of Government Consumption for Argentina (PLGCPPARA670NRUG), retrieved from FRED.