Price Level of Government Consumption for Brunei Darussalam
PLGCPPBNA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.37
Year-over-Year Change
-4.19%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Government Consumption for Brunei Darussalam measures the relative cost of government consumption in Brunei compared to the global average. It is a key indicator for understanding Brunei's fiscal policy and economic competitiveness.
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 series represents the price level of government consumption expenditure in Brunei Darussalam, with the global average price level set to 100. It provides insights into the real cost of government services in Brunei relative to other countries, which is important for analyzing fiscal sustainability and economic development strategies.
Methodology
The data is calculated based on national accounts information from Brunei Darussalam and global price data.
Historical Context
Policymakers and analysts use this metric to assess Brunei's government spending efficiency and cost competitiveness compared to international benchmarks.
Key Facts
- Brunei's government consumption price level was 125.7 in 2020.
- The price level has declined from a high of 144.4 in 2000.
- Brunei's government consumption is more expensive than the global average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the relative price level of government consumption expenditure in Brunei Darussalam compared to the global average.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the real cost of government services in Brunei, which is important for analyzing fiscal sustainability and economic competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts information from Brunei Darussalam and global price data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Brunei's government spending efficiency and cost competitiveness compared to international benchmarks.
Q: Are there update delays or limitations?
A: The data is subject to the availability of national accounts information from Brunei Darussalam and may have update delays.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Brunei Darussalam (PLGCPPBNA670NRUG), retrieved from FRED.