Price Level of Government Consumption for Congo
PLGCPPCGA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.33
Year-over-Year Change
-28.57%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Government Consumption for Congo measures the price index of government spending in the country. This metric is important for economists and policymakers to understand the cost and efficiency of public sector activities.
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 Congo represents the relative price level of government expenditures compared to the overall price level in the economy. It is used to assess the purchasing power and cost-effectiveness of government activities.
Methodology
The data is calculated by the World Bank using national accounts information.
Historical Context
This trend is relevant for analyzing fiscal policy and the government's role in the Congolese economy.
Key Facts
- The base year for this index is 2010.
- Congo's government consumption accounts for over 10% of GDP.
- The index has fluctuated between 90-110 over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Congo measures the relative price index of government expenditures in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the cost-effectiveness and purchasing power of the Congolese government's spending activities.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts information.
Q: How is this trend used in economic policy?
A: This trend is relevant for analyzing fiscal policy and the government's role in the Congolese economy.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of approximately one year.
Related Trends
Price Level of Imports for Yemen
PLMCPPYEA670NRUG
Price Level of the Capital Stock for Panama
PLKCPPPAA670NRUG
Price Level of Capital Formation for Russian Federation
PLICPPRUA670NRUG
Price Level of Capital Formation for Colombia
PLICPPCOA670NRUG
Price Level of Exports for Kuwait
PLXCPPKWA670NRUG
Price Level of Exports for Lesotho
PLXCPPLSA670NRUG
Citation
U.S. Federal Reserve, Price Level of Government Consumption for Congo (PLGCPPCGA670NRUG), retrieved from FRED.