Price Level of GDP, average of GEKS-CPDW for Bahrain
PL2GDPBHA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76.87
Year-over-Year Change
-5.80%
Date Range
1/1/1970 - 1/1/2010
Summary
The Price Level of GDP, average of GEKS-CPDW for Bahrain, measures the overall price level of goods and services produced within Bahrain's economy. This metric is important for economists and policymakers to gauge the country's purchasing power and cost of living.
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, average of GEKS-CPDW for Bahrain, is an index that reflects the overall price level of final goods and services produced within the Bahraini economy. It is calculated using the Geary-Khamis-Eltető-Köves-Szulc (GEKS) method, which allows for international price and volume comparisons.
Methodology
The data is collected by the World Bank using national accounts and price survey information.
Historical Context
This metric is useful for analyzing Bahrain's economic competitiveness and comparing its cost of living to other countries.
Key Facts
- Bahrain's price level of GDP was 61.02 in 2020.
- The price level index ranges from 0 to 100, with 100 representing the global average.
- This metric is used to assess Bahrain's cost competitiveness compared to other countries.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, average of GEKS-CPDW for Bahrain, measures the overall price level of goods and services produced within Bahrain's economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to gauge Bahrain's purchasing power and cost of living, which are key factors in assessing the country's economic competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the World Bank using national accounts and price survey information, and calculated using the Geary-Khamis-Eltető-Köves-Szulc (GEKS) method.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and international institutions to analyze Bahrain's economic competitiveness and compare its cost of living to other countries, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a delay, and may be subject to revisions as more information becomes available.
Related Trends
Price Level of GDP, G-K method for Cuba
PLOGDPCUA621NUPN
Price Level of Investment for Azerbaijan
PLOINVAZA624NUPN
Price Level of GDP, average of GEKS-CPDW for Bahamas
PL2GDPBSA621NUPN
Price Level of Investment for Romania
PLOINVROA624NUPN
Price Level of Investment for Somalia
PLOINVSOA624NUPN
Price Level of Consumption for Democratic Republic of the Congo
PLOCONCDA622NUPN
Citation
U.S. Federal Reserve, Price Level of GDP, average of GEKS-CPDW for Bahrain (PL2GDPBHA621NUPN), retrieved from FRED.