Price Level of Government Consumption for Djibouti
PLGCPPDJA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.52
Year-over-Year Change
77.32%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Government Consumption for Djibouti measures the price index of government spending and consumption in the country. This metric is important for economists and policymakers to understand trends in public sector expenditure 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 Djibouti represents the relative prices of government-purchased goods and services compared to the overall price level in the country. It is used to analyze the allocation of public resources and the efficiency of government spending.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
This metric is relevant for assessing the fiscal policy stance and the government's role in the Djiboutian economy.
Key Facts
- Djibouti's government consumption accounts for over 20% of its GDP.
- The price level of government consumption has risen by 30% over the past decade.
- Efficient government spending is a key priority for Djibouti's economic development.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Djibouti measures the relative prices of goods and services purchased by the government compared to the overall price level in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the efficiency and allocation of public resources, as well as the government's role in the Djiboutian economy.
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: This metric is relevant for assessing the fiscal policy stance and the government's role in the Djiboutian economy.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with some delay, and may be subject to revisions.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Djibouti (PLGCPPDJA670NRUG), retrieved from FRED.