Price Level of Government Consumption for Madagascar
PLGCPPMGA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.45
Year-over-Year Change
35.06%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Government Consumption for Madagascar measures the relative cost of government expenditures in the country. This metric is important for economists and policymakers to assess the efficiency and affordability of public services.
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 tracks the relative price level of government consumption goods and services in Madagascar compared to a global reference. It provides insight into the purchasing power and cost-effectiveness of the public sector in the country.
Methodology
The data is calculated based on national accounts and government budget information collected by the World Bank.
Historical Context
The price level of government consumption is a key input for evaluating the fiscal health and policy space of the Malagasy economy.
Key Facts
- Madagascar's government consumption price level was 67.0 in 2020.
- The index has declined from a high of 97.0 in 1990.
- The price level is lower than the global average, indicating relatively affordable public services.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Madagascar measures the relative cost of government expenditures in the country compared to a global reference.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the purchasing power and cost-effectiveness of the public sector in Madagascar, which is important for evaluating fiscal health and policy space.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts and government budget information collected by the World Bank.
Q: How is this trend used in economic policy?
A: The price level of government consumption is a key input for policymakers and economists to assess the efficiency and affordability of public services in Madagascar.
Q: Are there update delays or limitations?
A: The data is updated annually, with a delay of 1-2 years. It may not capture short-term fluctuations in government consumption prices.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Madagascar (PLGCPPMGA670NRUG), retrieved from FRED.