Price Level of Government Consumption for Cote d'Ivoire
PLGCPPCIA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.48
Year-over-Year Change
-14.73%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Government Consumption for Cote d'Ivoire measures the relative cost of government spending in the country compared to the global average. This metric is important for economists and policymakers to assess the affordability and efficiency of government operations.
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 represents the price level of government consumption expenditures in Cote d'Ivoire relative to the global average, with the world price level set to 100. It provides insight into the cost-competitiveness of the country's public sector spending compared to other nations.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
Governments and international institutions use this index to evaluate the fiscal environment and guide policy decisions.
Key Facts
- Cote d'Ivoire's government consumption price level was 57.78 in 2020.
- The index has declined from a high of 81.17 in 1995.
- Cote d'Ivoire's index is below the global average of 100.
FAQs
Q: What does this economic trend measure?
A: This trend measures the relative price level of government consumption expenditures in Cote d'Ivoire compared to the global average.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into the cost-competitiveness of the country's public sector spending, which is important for evaluating fiscal policy and the overall economic environment.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and price data.
Q: How is this trend used in economic policy?
A: Governments and international institutions use this index to assess the affordability and efficiency of public sector spending, which informs fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a delay, and may not capture short-term fluctuations in government consumption prices.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Cote d'Ivoire (PLGCPPCIA670NRUG), retrieved from FRED.