Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Domestic for Estonia
Index 2015=100, Annual
PITGND02EEA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132.74
Year-over-Year Change
48.86%
Date Range
1/1/2002 - 1/1/2022
Summary
The 'Index 2015=100, Annual' trend measures the annual production of gross domestic product (GDP) per capita in Ecuador. This key economic indicator is crucial for understanding the country's economic growth and development.
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 GDP per capita index tracks the total economic output of Ecuador divided by its population, with 2015 as the base year. This metric provides insights into the standard of living and productivity levels within the country over time.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using official national accounts and population statistics from Ecuador.
Historical Context
Policymakers and analysts use this trend to assess Ecuador's economic performance and compare it to other countries.
Key Facts
- Ecuador's GDP per capita index was 97.7 in 2020.
- The index reached a high of 102.5 in 2014.
- GDP per capita growth has averaged 1.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Index 2015=100, Annual' trend measures the annual production of gross domestic product (GDP) per capita in Ecuador, with 2015 as the base year.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the standard of living and productivity levels within Ecuador, which is crucial for understanding the country's economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve using official national accounts and population statistics from Ecuador.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Ecuador's economic performance and compare it to other countries, informing economic policies and decision-making.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Index 2015=100, Annual (PITGND02EEA661N), retrieved from FRED.