Price Level of Government Consumption for Mauritius
PLGCPPMUA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.35
Year-over-Year Change
21.96%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Government Consumption for Mauritius measures the relative cost of government goods and services in the country compared to the global average. This metric is important for economists and policymakers to assess the affordability and efficiency of the Mauritian government's fiscal operations.
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 Mauritius is an index that compares the prices paid by the Mauritian government for its consumption of goods and services to the global average price level. This provides insight into the real purchasing power of the government and can inform assessments of fiscal policy and budgetary decision-making.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
Policymakers and analysts use this metric to evaluate the competitiveness and cost-effectiveness of Mauritius' government procurement and spending.
Key Facts
- Mauritius' government consumption price level was 57.71 in 2020.
- The price level has declined from a high of 64.56 in 2015.
- Mauritius' government consumption price is about 42% below the global average.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Mauritius measures the relative cost of goods and services purchased by the Mauritian government compared to the global average.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the real purchasing power of the Mauritian government, which can inform assessments of fiscal policy and the cost-effectiveness of government spending.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and price data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the competitiveness and efficiency of Mauritius' government procurement and fiscal operations.
Q: Are there update delays or limitations?
A: The data 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 Mauritius (PLGCPPMUA670NRUG), retrieved from FRED.