Price Level of Government Consumption for Bermuda
PLGCPPBMA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.62
Year-over-Year Change
26.03%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Government Consumption for Bermuda measures the cost of government-provided goods and services in the Bermudian economy. It is a key indicator used by economists and policymakers to assess fiscal policy and public sector performance.
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 of government consumption, including expenditures on public administration, defense, education, and healthcare. It provides insight into the efficiency and cost-effectiveness of the Bermudian government's provision of public goods and services.
Methodology
The data is collected by the Bermuda Department of Statistics through surveys of government agencies and program costs.
Historical Context
Policymakers and analysts use this index to evaluate the real purchasing power of government budgets and the relative prices faced by the public sector.
Key Facts
- The index is published quarterly by the Bermuda Department of Statistics.
- Bermuda's government consumption accounts for over 20% of its total GDP.
- The index has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Bermuda measures the relative cost of goods and services provided by the Bermudian government, including public administration, defense, education, and healthcare.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into the efficiency and cost-effectiveness of the Bermudian government's provision of public goods and services, which is crucial for evaluating fiscal policy and public sector performance.
Q: How is this data collected or calculated?
A: The data is collected by the Bermuda Department of Statistics through surveys of government agencies and program costs.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to evaluate the real purchasing power of government budgets and the relative prices faced by the public sector in Bermuda.
Q: Are there update delays or limitations?
A: The index is published quarterly, with a typical 2-3 month delay in data availability.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Bermuda (PLGCPPBMA670NRUG), retrieved from FRED.