Price Level of Government Consumption for Turkmenistan
PLGCPPTMA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.07
Year-over-Year Change
-21.23%
Date Range
1/1/1990 - 1/1/2019
Summary
The Price Level of Government Consumption for Turkmenistan measures the relative price level of government spending in the country compared to the global average. This metric is important for economists and policymakers to assess Turkmenistan's fiscal position and 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 purchasing power of government expenditures in Turkmenistan relative to the world average, providing insights into the real value of public spending. It is used to evaluate the country's economic development and government efficiency.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) exchange rates.
Historical Context
Policymakers use this trend to inform fiscal and monetary policies that impact government spending and public services.
Key Facts
- Turkmenistan's government consumption price level was 67.0 in 2020.
- This index has remained relatively stable over the past decade.
- A higher price level indicates more expensive government services.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Turkmenistan measures the relative price of government expenditures in the country compared to the global average.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the real value and purchasing power of Turkmenistan's public spending, which is important for evaluating the country's economic development and government efficiency.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers in Turkmenistan use this trend to inform fiscal and monetary policies that impact government spending and public services.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a 1-2 year delay in the most recent observations.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Turkmenistan (PLGCPPTMA670NRUG), retrieved from FRED.