Price Level of Government Consumption for Estonia
PLGCPPEEA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.56
Year-over-Year Change
7.64%
Date Range
1/1/1990 - 1/1/2019
Summary
The Price Level of Government Consumption for Estonia measures the relative cost of government goods and services in Estonia compared to the overall price level in the country. This indicator is important for economists and policymakers to assess Estonia's fiscal policies and government expenditures.
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 Estonia is an index that compares the cost of goods and services purchased by the Estonian government relative to the overall price level in the country. It provides insight into the efficiency and cost-effectiveness of the government's spending on public services and programs.
Methodology
The data is calculated by the OECD based on national accounts and price data.
Historical Context
This metric is used by economists, policymakers, and analysts to evaluate Estonia's fiscal policies and the government's impact on the overall price environment.
Key Facts
- The base year for the index is 2015 = 100.
- Estonia's government consumption price level was 78.91 in 2021.
- The index has declined from a high of 83.51 in 2009.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Estonia measures the relative cost of goods and services purchased by the Estonian government compared to the overall price level in the country.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the efficiency and cost-effectiveness of the Estonian government's spending on public services and programs, which is relevant for evaluating fiscal policies and the government's impact on the overall price environment.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD based on national accounts and price data.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and analysts use this metric to evaluate Estonia's fiscal policies and the government's impact on the overall price environment.
Q: Are there update delays or limitations?
A: The data is published by the OECD, and there may be delays in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Estonia (PLGCPPEEA670NRUG), retrieved from FRED.