Price Level of Government Consumption for Brazil
PLGCPPBRA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.66
Year-over-Year Change
-5.53%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Government Consumption for Brazil measures the relative price level of government consumption expenditures in Brazil. This indicator provides insight into the cost-effectiveness of government spending and can inform fiscal policy decisions.
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 Brazil is an index that compares the price level of government consumption expenditures in Brazil relative to the OECD average. It reflects the purchasing power and cost-efficiency of government spending, which is a key consideration for policymakers managing fiscal budgets.
Methodology
This data is calculated by the OECD based on national accounts and purchasing power parity data.
Historical Context
Policymakers and economists use this metric to assess the relative value and efficiency of government spending in Brazil compared to other OECD countries.
Key Facts
- Brazil's government consumption price level was 67.0% of the OECD average in 2021.
- The price level has fluctuated between 55-75% of the OECD average over the past decade.
- Lower price levels indicate more cost-effective government spending in Brazil.
FAQs
Q: What does this economic trend measure?
A: This metric measures the relative price level of government consumption expenditures in Brazil compared to the OECD average.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the cost-effectiveness of government spending in Brazil, which is a key consideration for policymakers managing fiscal budgets.
Q: How is this data collected or calculated?
A: The OECD calculates this data based on national accounts and purchasing power parity information.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the relative value and efficiency of government spending in Brazil compared to other OECD countries.
Q: Are there update delays or limitations?
A: This data is published annually by the OECD with a lag of approximately one year.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Brazil (PLGCPPBRA670NRUG), retrieved from FRED.