Price Level of Government Consumption for Saint Vincent and the Grenadines
PLGCPPVCA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.49
Year-over-Year Change
19.25%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Government Consumption for Saint Vincent and the Grenadines measures the changes in the price of goods and services purchased by the government for public use and 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 economic indicator tracks the price level of government consumption, which includes spending on public goods, public services, and government operations. It provides insights into the fiscal health and purchasing power of the government sector.
Methodology
The data is collected and calculated by the World Bank based on national accounts information.
Historical Context
This trend is useful for policymakers and economists to assess the government's ability to maintain expenditures and deliver public services effectively.
Key Facts
- The base year for this index is 2010.
- Saint Vincent and the Grenadines is a small island country in the Caribbean.
- Government consumption accounts for a significant portion of the country's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the changes in the price level of goods and services purchased by the government of Saint Vincent and the Grenadines for public use and services.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the fiscal health and purchasing power of the government sector, which is crucial for policymakers and economists to assess the government's ability to maintain expenditures and deliver public services effectively.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts information.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to analyze the government's fiscal position, plan public expenditures, and assess the impact of economic policies on the government's purchasing power.
Q: Are there update delays or limitations?
A: The data is subject to the availability and reporting timeliness of national accounts information from the government of Saint Vincent and the Grenadines.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Saint Vincent and the Grenadines (PLGCPPVCA670NRUG), retrieved from FRED.