Price Level of Government Consumption for Cyprus
PLGCPPCYA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.89
Year-over-Year Change
-12.49%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Government Consumption for Cyprus measures the price level of government-provided goods and services in the country. This metric is important for economists and policymakers to understand the real value of government spending and its impact on the overall 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
The Price Level of Government Consumption for Cyprus represents the cost of government-provided goods and services relative to the overall price level in the country. This metric is used to assess the purchasing power of government expenditures and how they affect economic growth, inflation, and fiscal policy decisions.
Methodology
The data is calculated by the OECD based on national accounts information and price surveys.
Historical Context
This trend is used by economists, analysts, and policymakers to evaluate the efficiency and impact of government spending in Cyprus.
Key Facts
- The base year for the Price Level of Government Consumption for Cyprus is 2015.
- Cyprus has seen a stable price level for government consumption in recent years.
- Government consumption accounts for around 17% of Cyprus's GDP.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Cyprus measures the relative cost of goods and services provided by the government compared to the overall price level in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the real value of government spending and its impact on the economy, which is crucial for fiscal policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD based on national accounts information and price surveys.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to evaluate the efficiency and impact of government spending in Cyprus.
Q: Are there update delays or limitations?
A: The data is published regularly by the OECD, but there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Cyprus (PLGCPPCYA670NRUG), retrieved from FRED.