Price Level of Government Consumption for Italy
PLGCPPITA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.97
Year-over-Year Change
-21.76%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Government Consumption for Italy measures the relative price level of government consumption expenditures in Italy compared to the OECD average. This trend is crucial for understanding Italy's fiscal policy and economic competitiveness.
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 Italy is an index that compares the price level of government consumption expenditures in Italy to the OECD average, which is set to 100. This metric provides insights into the relative efficiency and cost-effectiveness of Italy's public sector.
Methodology
The data is calculated by the OECD using national accounts and purchasing power parity (PPP) data.
Historical Context
Policymakers and economists use this trend to evaluate Italy's fiscal policies and cost structure compared to other developed economies.
Key Facts
- Italy's government consumption price level is 93.2% of the OECD average.
- The trend has declined from 100.2 in 2010 to 93.2 in 2021.
- Lower price levels indicate more cost-effective government spending.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Italy measures the relative price level of government consumption expenditures in Italy compared to the OECD average.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the efficiency and cost-effectiveness of Italy's public sector, which is crucial for evaluating the country's fiscal policies and economic competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using national accounts and purchasing power parity (PPP) data.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to evaluate Italy's fiscal policies and cost structure compared to other developed economies.
Q: Are there update delays or limitations?
A: The data is provided by the OECD and may be subject to update delays and limitations in data availability.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Italy (PLGCPPITA670NRUG), retrieved from FRED.