Price Level of Government Consumption for Belgium
PLGCPPBEA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.17
Year-over-Year Change
-16.79%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Government Consumption for Belgium measures the price index for government consumption expenditures in the country. This metric is important for economists and policymakers to assess inflationary pressures and evaluate the fiscal health of the public sector.
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 Belgium represents the cost of government-purchased goods and services, such as public employee compensation, military equipment, and infrastructure projects. This index can provide insights into the efficiency and cost-effectiveness of government operations.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using price indices for different categories of government spending.
Historical Context
Tracking this metric can help inform fiscal and monetary policies aimed at managing public expenditures and achieving macroeconomic stability.
Key Facts
- The base year for the Price Level of Government Consumption for Belgium is 2012.
- This index has shown moderate fluctuations over the past decade, reflecting changes in the cost of government services.
- Monitoring the Price Level of Government Consumption can help policymakers assess the impact of fiscal measures on public finances.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Belgium measures the cost of goods and services purchased by the government, providing insights into the fiscal health of the public sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to assess inflationary pressures and evaluate the efficiency of government operations, which can inform fiscal and monetary policies.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using price indices for different categories of government spending.
Q: How is this trend used in economic policy?
A: Tracking the Price Level of Government Consumption can help inform fiscal and monetary policies aimed at managing public expenditures and achieving macroeconomic stability.
Q: Are there update delays or limitations?
A: The data is regularly updated by the U.S. Federal Reserve and available through the FRED database, with minimal delays.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Belgium (PLGCPPBEA670NRUG), retrieved from FRED.