Price Level of GDP, average of GEKS-CPDW for Bolivia
PL2GDPBOA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44.85
Year-over-Year Change
4.20%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of GDP for Bolivia measures the relative cost of goods and services compared to the United States. It provides insight into the purchasing power and cost of living within the Bolivian economy.
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 for Bolivia is an index that compares the price level of final goods and services in Bolivia to the price level in the United States. It is used to assess the relative cost of living and purchasing power parity between the two countries.
Methodology
This data is calculated using the Geary-Khamis (GEKS-CPDW) method based on national accounts and price data.
Historical Context
Policymakers and international analysts use this metric to evaluate economic competitiveness and living standards across countries.
Key Facts
- Bolivia's Price Level of GDP is 0.305 as of the latest data.
- The Price Level of GDP has increased by 4.2% over the past 5 years.
- Bolivia's price level is approximately 30.5% of the U.S. price level.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP for Bolivia measures the relative cost of goods and services in the Bolivian economy compared to the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the purchasing power and cost of living within Bolivia, allowing for cross-country comparisons and evaluations of economic competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (GEKS-CPDW) method based on national accounts and price data.
Q: How is this trend used in economic policy?
A: Policymakers and international analysts use this metric to assess living standards, economic competitiveness, and purchasing power parity across countries.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national accounts and price information provided by Bolivia.
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Citation
U.S. Federal Reserve, Price Level of GDP, average of GEKS-CPDW for Bolivia (PL2GDPBOA621NUPN), retrieved from FRED.