Price Level of Government Consumption for Bhutan
PLGCPPBTA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.18
Year-over-Year Change
19.89%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Government Consumption for Bhutan measures the price index for government consumption expenditures in the Bhutanese economy. This metric is useful for economists and policymakers to assess inflationary pressures and the real purchasing power of government spending.
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 Bhutan is an economic indicator that tracks the average change in prices for goods and services purchased by the Bhutanese government. It serves as a proxy for government consumption expenditures and can provide insights into fiscal policy and budgetary dynamics.
Methodology
The data is collected and calculated by the Bhutan National Statistics Bureau using a basket of representative government consumption items.
Historical Context
Monitoring this price level trend helps policymakers evaluate the real impact of government spending and budget allocations.
Key Facts
- Bhutan is a small, landlocked country in South Asia.
- Government spending accounts for over 30% of Bhutan's GDP.
- The price level index is referenced in Bhutan's Five-Year Development Plans.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Bhutan measures the average change in prices for goods and services purchased by the Bhutanese government.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into inflationary pressures on government budgets and the real purchasing power of public spending, which is crucial for fiscal policy analysis.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Bhutan National Statistics Bureau using a basket of representative government consumption items.
Q: How is this trend used in economic policy?
A: Monitoring the price level of government consumption helps policymakers evaluate the real impact of government spending and budget allocations in Bhutan.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 3-month lag.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Bhutan (PLGCPPBTA670NRUG), retrieved from FRED.