Price Level of Government Consumption for Dominica
PLGCPPDMA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.57
Year-over-Year Change
2.23%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Government Consumption for Dominica measures the relative cost of government spending in the country compared to the global average. This metric is important for economists and policymakers analyzing the fiscal health and competitiveness of Dominica's 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 Dominica is an index that compares the cost of government goods and services in Dominica to the worldwide average. It provides insight into the relative affordability of the public sector in the country and can inform fiscal and economic policy decisions.
Methodology
The data is calculated based on national accounts data and purchasing power parity measurements.
Historical Context
Governments and international organizations use this metric to assess Dominica's economic position and competitiveness.
Key Facts
- Dominica's government consumption price level is 67.0 relative to the global average.
- The metric has remained relatively stable over the past decade.
- Low government consumption prices can indicate economic inefficiencies or lack of development.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Dominica measures the relative cost of government goods and services in the country compared to the global average.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the fiscal health and competitiveness of Dominica's economy, which is valuable information for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts data and purchasing power parity measurements.
Q: How is this trend used in economic policy?
A: Governments and international organizations use this metric to assess Dominica's economic position and competitiveness, which can inform fiscal and economic policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the availability and publication schedule of the underlying national accounts and purchasing power parity measurements.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Dominica (PLGCPPDMA670NRUG), retrieved from FRED.