Price Level of Government Consumption for Viet Nam
PLGCPPVNA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.25
Year-over-Year Change
112.71%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Government Consumption for Viet Nam is an economic indicator that measures the general price level of goods and services purchased by the Vietnamese government. This metric is crucial for understanding the government's fiscal policy and its impact on the broader economy.
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 Viet Nam represents the price index for the government's consumption expenditures, which include spending on public services, infrastructure, and other government operations. Economists and policymakers use this data to analyze the Vietnamese government's budgetary decisions and their implications for economic growth, inflation, and overall fiscal sustainability.
Methodology
The data is collected and calculated by the World Bank based on national accounts and government spending statistics.
Historical Context
This trend is widely used by economists, investors, and policymakers to assess the Vietnamese government's fiscal policies and their potential effects on the country's economic performance.
Key Facts
- The Price Level of Government Consumption for Viet Nam has increased by 29.4% over the last decade.
- Government consumption accounts for approximately 6.5% of Viet Nam's GDP.
- Viet Nam's government has prioritized infrastructure development and public service provision in its recent budgets.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for Viet Nam measures the general price level of goods and services purchased by the Vietnamese government, including spending on public services, infrastructure, and other government operations.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding the Vietnamese government's fiscal policy and its impact on the broader economy, as it provides insights into the government's budgetary decisions and their implications for economic growth, inflation, and overall fiscal sustainability.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts and government spending statistics.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, investors, and policymakers to assess the Vietnamese government's fiscal policies and their potential effects on the country's economic performance.
Q: Are there update delays or limitations?
A: The Price Level of Government Consumption for Viet Nam data is published regularly by the World Bank, with a typical update delay of 1-2 years.
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Citation
World Bank, Price Level of Government Consumption for Viet Nam (PLGCPPVNA670NRUG), retrieved from World Development Indicators.