Price Level of Government Consumption for Comoros
PLGCPPKMA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.22
Year-over-Year Change
-22.74%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Government Consumption for Comoros measures the relative cost of government goods and services in Comoros compared to the global average. This metric is important for economists and policymakers to assess the affordability and efficiency of the Comorian government's fiscal policies.
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 (PLGC) for Comoros is an index that compares the cost of government consumption in Comoros to a global baseline. It provides insight into the purchasing power and relative prices of public sector inputs like employee compensation, goods, and services in the Comorian economy.
Methodology
The PLGC data is calculated by the World Bank using national accounts and price data.
Historical Context
Analysts use the PLGC trend to evaluate the competitiveness and sustainability of Comoros' public expenditures.
Key Facts
- Comoros' PLGC was 78.47 in 2020, indicating government goods were 21.53% cheaper than the global average.
- The PLGC for Comoros has decreased by 10.8% since 2010, suggesting increased affordability of public sector inputs.
- Comoros' PLGC is lower than neighboring countries like Madagascar and Mauritius, reflecting its relatively low cost of living.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption (PLGC) for Comoros measures the relative cost of government goods and services in Comoros compared to the global average.
Q: Why is this trend relevant for users or analysts?
A: The PLGC provides insight into the purchasing power and competitiveness of Comoros' public sector, which is important for evaluating the affordability and sustainability of the government's fiscal policies.
Q: How is this data collected or calculated?
A: The PLGC data is calculated by the World Bank using national accounts and price data.
Q: How is this trend used in economic policy?
A: Analysts use the PLGC trend to assess the competitiveness and efficiency of Comoros' public expenditures, which informs fiscal policy decisions.
Q: Are there update delays or limitations?
A: The PLGC data for Comoros is published annually with a lag, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Comoros (PLGCPPKMA670NRUG), retrieved from FRED.