Price Level of Government Consumption for the Plurinational State of Bolivia
PLGCPPBOA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.57
Year-over-Year Change
76.11%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Government Consumption for the Plurinational State of Bolivia measures the relative price of government consumption in Bolivia compared to the United States. It is an important indicator for understanding the purchasing power of government spending in the Bolivian economy.
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 price level of government consumption expenditures in Bolivia relative to the United States, providing insights into the relative cost of public goods and services. Economists and policymakers use this data to assess the competitiveness of Bolivia's government sector and make informed decisions about fiscal policy.
Methodology
The data is calculated by the U.S. Federal Reserve using national accounts data from Bolivia and the United States.
Historical Context
This trend is used by analysts to evaluate the impact of government spending on the Bolivian economy and its relative position in the global market.
Key Facts
- Bolivia's government consumption price level was 67.0 in 2020.
- The price level has declined by over 30% since 2000.
- Bolivia's government consumption is significantly cheaper than in the United States.
FAQs
Q: What does this economic trend measure?
A: This trend measures the price level of government consumption expenditures in Bolivia relative to the United States. It provides insights into the purchasing power of government spending in the Bolivian economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the competitiveness of Bolivia's government sector and making informed decisions about fiscal policy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using national accounts data from Bolivia and the United States.
Q: How is this trend used in economic policy?
A: This trend is used by analysts to evaluate the impact of government spending on the Bolivian economy and its relative position in the global market.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve with no known update delays or limitations.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for the Plurinational State of Bolivia (PLGCPPBOA670NRUG), retrieved from FRED.