Price Level of Government Consumption for Sri Lanka
PLGCPPLKA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.16
Year-over-Year Change
4.25%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Government Consumption for Sri Lanka measures the level of prices for government consumption expenditures in the country. It is an important economic indicator for understanding fiscal policy and government spending trends.
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
This index represents the relative price level of government consumption goods and services in Sri Lanka, with a base year of 2010. It is used by economists and policymakers to analyze the purchasing power of government spending and its impact on the broader economy.
Methodology
The data is calculated by the World Bank using national accounts information.
Historical Context
This trend is closely watched by investors and analysts to gauge the fiscal health and policy direction of the Sri Lankan government.
Key Facts
- The base year for this index is 2010.
- Government consumption is a major component of Sri Lanka's GDP.
- Trends in this index can signal changes in the government's fiscal policy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the relative price level of government consumption goods and services in Sri Lanka. It reflects the purchasing power of government spending in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the fiscal health and policy direction of the Sri Lankan government, as it signals changes in the cost of government consumption expenditures.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts information.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to analyze the impact of government spending on the broader economy and to inform fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data may be subject to occasional update delays due to the time required to collect and process the national accounts information.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Sri Lanka (PLGCPPLKA670NRUG), retrieved from FRED.