Price Level of Government Consumption for Serbia
PLGCPPRSA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.25
Year-over-Year Change
-28.01%
Date Range
1/1/1990 - 1/1/2019
Summary
The Price Level of Government Consumption for Serbia measures the relative cost of government consumption in Serbia compared to a global reference point. It is a key indicator for evaluating Serbia's fiscal policy and economic competitiveness.
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 price level of government consumption expenditures in Serbia relative to a global average. It provides insights into the cost-effectiveness of Serbia's public sector and can help policymakers assess the country's fiscal and economic position.
Methodology
The data is calculated based on purchasing power parity (PPP) comparisons between Serbia and a global reference group.
Historical Context
This trend is used by analysts and policymakers to gauge Serbia's fiscal sustainability and international economic competitiveness.
Key Facts
- Serbia's government consumption price level was 67.0 in 2021.
- The index has remained relatively stable over the past decade.
- A lower price level indicates more cost-effective government spending.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Serbia measures the relative cost of government consumption expenditures in Serbia compared to a global reference point.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the cost-effectiveness of Serbia's public sector, which is important for evaluating the country's fiscal sustainability and international economic competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated based on purchasing power parity (PPP) comparisons between Serbia and a global reference group.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this trend to gauge Serbia's fiscal sustainability and international economic competitiveness, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the availability of underlying PPP information, which may result in occasional update delays.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Serbia (PLGCPPRSA670NRUG), retrieved from FRED.