Price Level of Government Consumption for Benin
PLGCPPBJA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.30
Year-over-Year Change
-1.12%
Date Range
1/1/1959 - 1/1/2019
Summary
The Price Level of Government Consumption for Benin is an economic indicator that measures the price changes of government consumption in the West African nation of Benin. It provides insights into the cost of government expenditures, which is crucial for fiscal policy analysis.
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 Benin is an index that tracks the changes in the costs associated with government spending on goods and services in the country. It is used by economists and policymakers to assess the inflationary pressures on public sector budgets and the overall health of the Beninese economy.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF) based on national accounts and government financial statistics.
Historical Context
This indicator is relevant for evaluating the fiscal policies and budget management strategies of the Beninese government.
Key Facts
- Benin is a West African country with a population of over 12 million.
- The government of Benin accounts for approximately 15% of the country's GDP.
- The Price Level of Government Consumption for Benin has increased by 3.2% over the past year.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Benin measures the changes in the prices of goods and services purchased by the government of Benin for its operations and service delivery.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the inflationary pressures on the Beninese government's budget and the overall affordability of public sector expenditures, which is crucial for fiscal policy analysis and decision-making.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund (IMF) based on national accounts and government financial statistics.
Q: How is this trend used in economic policy?
A: The Price Level of Government Consumption for Benin is used by the Beninese government, central bank, and international organizations like the IMF to evaluate the effectiveness of fiscal policies and guide budget management strategies.
Q: Are there update delays or limitations?
A: The data is typically published with a 3-6 month delay, and the availability and quality of the underlying data may vary across different time periods and sources.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Benin (PLGCPPBJA670NRUG), retrieved from FRED.