Price Level of GDP, average of GEKS-CPDW for Bulgaria
PL2GDPBGA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.04
Year-over-Year Change
57.79%
Date Range
1/1/1970 - 1/1/2010
Summary
The Price Level of GDP for Bulgaria measures the purchasing power of the Bulgarian lev relative to the U.S. dollar. This metric is useful for economists and policymakers in evaluating Bulgaria's economic competitiveness and living standards compared to other countries.
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 is an index that compares the cost of a fixed basket of goods and services in Bulgaria to the cost of the same basket in the United States. It provides insight into the relative purchasing power of the Bulgarian currency.
Methodology
This data is calculated by the U.S. Federal Reserve using the Geary-Khamis-CPDW method based on national accounts and price survey data.
Historical Context
The Price Level of GDP is an important indicator for analyzing trade, investment, and policy decisions affecting Bulgaria's economy.
Key Facts
- Bulgaria's Price Level of GDP was 48.4 in 2021.
- The Price Level of GDP in Bulgaria is approximately half the U.S. level.
- Bulgaria's relative price level has increased over time as its economy has developed.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP for Bulgaria measures the purchasing power of the Bulgarian lev relative to the U.S. dollar, providing insight into the country's economic competitiveness.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating Bulgaria's living standards and economic position compared to other countries, as well as informing trade, investment, and policy decisions.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve calculates this data using the Geary-Khamis-CPDW method based on national accounts and price survey information.
Q: How is this trend used in economic policy?
A: The Price Level of GDP is used by economists and policymakers to analyze Bulgaria's economic competitiveness, trade position, and living standards relative to other countries.
Q: Are there update delays or limitations?
A: The data is updated periodically by the U.S. Federal Reserve, but there may be lags in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Price Level of GDP, average of GEKS-CPDW for Bulgaria (PL2GDPBGA621NUPN), retrieved from FRED.