Price Level of Government Consumption for Republic of Moldova
PLGCPPMDA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.14
Year-over-Year Change
-63.91%
Date Range
1/1/1990 - 1/1/2019
Summary
The Price Level of Government Consumption for the Republic of Moldova measures the relative price level of government consumption expenditures within the country. This metric is important for economists and policymakers to assess the efficiency and affordability of government spending.
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 trend represents the price level of government consumption goods and services in Moldova compared to a reference level, typically the United States. It is used to evaluate the purchasing power and cost-effectiveness of the Moldovan government's consumption expenditures over time.
Methodology
The data is calculated by the World Bank using GDP and purchasing power parity (PPP) conversion factors.
Historical Context
This metric is relevant for assessing the fiscal policy and budgetary decisions of the Moldovan government.
Key Facts
- Moldova's government consumption price level was 47.4% of the U.S. level in 2020.
- The price level has declined from 58.4% of the U.S. in 2010.
- Government consumption accounts for around 17% of Moldova's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the relative price level of government consumption goods and services in the Republic of Moldova compared to a reference level, typically the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating the purchasing power and cost-effectiveness of the Moldovan government's consumption expenditures over time, which is relevant for assessing fiscal policy and budgetary decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using GDP and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the efficiency and affordability of government spending in Moldova, which informs fiscal policy and budgetary decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not capture short-term fluctuations in government consumption prices.
Related Trends
Price Level of Exports for Slovenia
PLXCPPSIA670NRUG
Price Level of the Capital Stock for Croatia
PLKCPPHRA670NRUG
Price Level of Capital Formation for Australia
PLICPPAUA670NRUG
Price Level of Household Consumption for Botswana
PLCCPPBWA670NRUG
Price Level of the Capital Stock for Finland
PLKCPPFIA670NRUG
Price Level of Capital Formation for Cape Verde
PLICPPCVA670NRUG
Citation
U.S. Federal Reserve, Price Level of Government Consumption for Republic of Moldova (PLGCPPMDA670NRUG), retrieved from FRED.