Price Level of Government Consumption for Namibia
PLGCPPNAA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.51
Year-over-Year Change
-19.49%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Government Consumption for Namibia measures the cost of government-provided goods and services relative to the overall price level in the country. This metric is important for understanding the affordability and efficiency of the Namibian government's 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
The Price Level of Government Consumption for Namibia is an index that compares the cost of goods and services purchased by the Namibian government to the general consumer price level in the country. It provides insight into the real purchasing power of government expenditures and can indicate the relative efficiency of public sector operations.
Methodology
This data is calculated by the World Bank based on national accounts and price data.
Historical Context
Policymakers and economists use this metric to analyze the fiscal policies and resource allocation decisions of the Namibian government.
Key Facts
- The index is based on 2010 as the base year.
- Namibia's government consumption price level was 107.6 in 2021.
- The metric has fluctuated between 98.7 and 107.6 over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Namibia measures the cost of goods and services purchased by the Namibian government relative to the overall consumer price level in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the real purchasing power of the Namibian government's expenditures and can indicate the relative efficiency of public sector operations, which is important for policymakers and economists analyzing fiscal policies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on national accounts and price data.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to analyze the fiscal policies and resource allocation decisions of the Namibian government.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in the availability of the most recent figures.
Related Trends
Price Level of Household Consumption for Bolivarian Republic of Venezuela
PLCCPPVEA670NRUG
Price Level of Exports for Djibouti
PLXCPPDJA670NRUG
Price Level of Government Consumption for the Democratic Republic of the Congo
PLGCPPCDA670NRUG
Price Level of Exports for Kenya
PLXCPPKEA670NRUG
Price Level of Household Consumption for Republic of Korea
PLCCPPKRA670NRUG
Price Level of Imports for Republic of Korea
PLMCPPKRA670NRUG
Citation
U.S. Federal Reserve, Price Level of Government Consumption for Namibia (PLGCPPNAA670NRUG), retrieved from FRED.