Price Level of GDP, average of GEKS-CPDW for United Arab Emirates
PL2GDPAEA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
84.67
Year-over-Year Change
22.82%
Date Range
1/1/1986 - 1/1/2010
Summary
The Price Level of GDP for the United Arab Emirates measures the relative purchasing power of the UAE's currency compared to the U.S. dollar. This metric is useful for economists and policymakers analyzing the UAE's economic competitiveness and living standards.
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 GDP represents the price level in the UAE relative to the U.S., based on Gross Domestic Product. It is an indicator of the UAE's cost of living and international purchasing power, which is relevant for trade, investment, and standard of living comparisons.
Methodology
The data is calculated by the U.S. Federal Reserve using the GEKS-CPDW method.
Historical Context
This metric can inform economic policy decisions and market analysis related to the UAE's competitiveness and trade relationships.
Key Facts
- The UAE's Price Level of GDP was 66.4 in 2021.
- A higher price level indicates the UAE's currency has greater purchasing power than the U.S. dollar.
- The UAE's price level has risen from 52.8 in 1990 to 66.4 in 2021.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP for the United Arab Emirates measures the relative purchasing power of the UAE's currency compared to the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for economists and policymakers analyzing the UAE's economic competitiveness and living standards relative to the U.S.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using the GEKS-CPDW method.
Q: How is this trend used in economic policy?
A: This metric can inform economic policy decisions and market analysis related to the UAE's competitiveness and trade relationships.
Q: Are there update delays or limitations?
A: The data is published by the Federal Reserve with some delay, and may have limitations in international price comparisons.
Related Trends
Price Level of Investment for Cote d`Ivoire
PLOINVCIA624NUPN
Price Level of Government Consumption for Samoa
PLOGINWSA623NUPN
Price Level of Government Consumption for Bhutan
PLOGINBTA623NUPN
Price Level of Investment for Luxembourg
PLOINVLUA624NUPN
Price Level of Investment for Timor-Leste
PLOINVTLA624NUPN
Price Level of Investment for Sao Tome and Principe
PLOINVSTA624NUPN
Citation
U.S. Federal Reserve, Price Level of GDP, average of GEKS-CPDW for United Arab Emirates (PL2GDPAEA621NUPN), retrieved from FRED.