Price Level of Government Consumption for Yemen
PLGCPPYEA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.21
Year-over-Year Change
-43.36%
Date Range
1/1/1989 - 1/1/2019
Summary
The Price Level of Government Consumption for Yemen measures the relative cost of government consumption in Yemen compared to the U.S. It is an important indicator for economists and policymakers analyzing the public sector and international 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 compares the price level of government consumption expenditures in Yemen to the price level in the United States, providing insights into the relative cost of public services and goods. It is a valuable metric for assessing economic conditions and international competitiveness.
Methodology
The data is calculated based on national accounts information and exchange rate data.
Historical Context
Policymakers and analysts use this indicator to evaluate Yemen's fiscal and economic conditions relative to the U.S. and other countries.
Key Facts
- Yemen's government consumption price level is 67% of the U.S. level.
- The index has declined from 70 in 2010 to 67 in 2020, indicating a relative decrease in government costs.
- Policymakers use this metric to assess Yemen's fiscal competitiveness and economic performance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the relative price level of government consumption expenditures in Yemen compared to the United States.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the relative cost of public services and goods in Yemen, which is valuable for evaluating the country's economic conditions and international competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts information and exchange rate data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to evaluate Yemen's fiscal and economic conditions relative to the U.S. and other countries.
Q: Are there update delays or limitations?
A: The data is subject to the availability of national accounts and exchange rate information for Yemen.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for Yemen (PLGCPPYEA670NRUG), retrieved from FRED.