Price Level of Government Consumption for Czech Republic
PLGCPPCZA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.49
Year-over-Year Change
-7.56%
Date Range
1/1/1990 - 1/1/2019
Summary
The Price Level of Government Consumption for Czech Republic measures the price index for government consumption expenditures and gross capital formation. This metric provides insight into the spending patterns and inflationary pressures within the public sector.
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 economic indicator tracks the relative price level of government consumption and investment in the Czech Republic. It is used by economists and policymakers to analyze the cost structure and efficiency of the public sector, as well as its contribution to overall inflation.
Methodology
The data is collected by the OECD through surveys and administrative sources.
Historical Context
This metric can inform fiscal and monetary policy decisions that aim to manage government spending and its impact on the broader economy.
Key Facts
- The base year for this index is 2015.
- Government consumption accounts for approximately 19% of Czech Republic's GDP.
- The index reached its highest level of 103.16 in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the price level of government consumption expenditures and gross capital formation in the Czech Republic. It provides an indicator of inflationary pressures within the public sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for economists and policymakers as it offers insights into the cost structure and efficiency of government spending, which can inform fiscal and monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the OECD through surveys and administrative sources.
Q: How is this trend used in economic policy?
A: This trend can be used to monitor and manage government spending and its impact on the broader economy, informing fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and release calendar of the OECD, which may result in occasional delays or limited data availability for certain time periods.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Czech Republic (PLGCPPCZA670NRUG), retrieved from FRED.