Price Level of Government Consumption for Bulgaria
PLGCPPBGA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.32
Year-over-Year Change
22.41%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Government Consumption for Bulgaria measures the relative purchasing power of government consumption expenditures in Bulgaria compared to the United States. It is an important indicator for analyzing fiscal policy and government spending dynamics.
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 government consumption goods and services in Bulgaria to the U.S. It provides insight into the relative prices faced by the Bulgarian government, which informs fiscal and budgetary decisions.
Methodology
The data is calculated by the World Bank using expenditure and national accounts data.
Historical Context
Policymakers and economists use this index to evaluate Bulgaria's relative cost of government operations and the potential impact on fiscal policy.
Key Facts
- Bulgaria's government consumption price level was 58.4% of the U.S. in 2020.
- The index has declined from a high of 64.1% in 2013, indicating falling relative prices.
- Comparing government consumption costs is crucial for analyzing fiscal policy effectiveness.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Bulgaria measures the relative cost of government consumption goods and services in Bulgaria compared to the United States.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into the purchasing power and relative prices faced by the Bulgarian government, which is crucial for evaluating fiscal policy and government spending dynamics.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using expenditure and national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess Bulgaria's relative cost of government operations and the potential impact on fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be delays in reflecting the latest economic conditions.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Bulgaria (PLGCPPBGA670NRUG), retrieved from FRED.