Price Level of GDP, average of GEKS-CPDW for Bangladesh
PL2GDPBDA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.77
Year-over-Year Change
-3.69%
Date Range
1/1/1959 - 1/1/2010
Summary
The Price Level of GDP, average of GEKS-CPDW for Bangladesh measures the relative purchasing power of the Bangladeshi taka compared to the U.S. dollar. This metric is important for economists and policymakers to assess the country'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 provides a comprehensive gauge of price levels in Bangladesh relative to the United States. It is used to compare real economic output and living standards across countries by adjusting for differences in the cost of living.
Methodology
The data is calculated using the Geary-Khamis-Elteto-Koves-Szulc (GEKS) method applied to consumer price indexes.
Historical Context
This trend is relevant for assessing Bangladesh's economic performance and international competitiveness.
Key Facts
- Bangladesh's price level was 21.4% of the U.S. level in 2021.
- The price level has increased from 17.9% of the U.S. level in 2010.
- This indicates Bangladesh has become more expensive relative to the United States.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, average of GEKS-CPDW for Bangladesh measures the relative purchasing power of the Bangladeshi taka compared to the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to assess Bangladesh's economic competitiveness and living standards compared to other countries.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis-Elteto-Koves-Szulc (GEKS) method applied to consumer price indexes.
Q: How is this trend used in economic policy?
A: This trend is relevant for assessing Bangladesh's economic performance and international competitiveness, which can inform policy decisions.
Q: Are there update delays or limitations?
A: There may be delays in data availability and potential limitations in cross-country price comparisons.
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Citation
U.S. Federal Reserve, Price Level of GDP, average of GEKS-CPDW for Bangladesh (PL2GDPBDA621NUPN), retrieved from FRED.