Price Level of GDP, average of GEKS-CPDW for Bahamas
PL2GDPBSA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
79.61
Year-over-Year Change
-0.47%
Date Range
1/1/1970 - 1/1/2010
Summary
The Price Level of GDP for the Bahamas measures the general price level of the country's gross domestic product. This trend is important for economists and policymakers to assess the purchasing power and cost of living in the Bahamian 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 is an index that tracks the average price of all final goods and services produced within the Bahamas. It provides a comprehensive measure of inflation and is used to compare the cost of living across countries and over time.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using the GEKS-CPDW methodology.
Historical Context
This trend is relevant for analyzing Bahamian economic performance and informing policy decisions.
Key Facts
- The Bahamas is an archipelagic country in the Atlantic Ocean.
- GDP is a measure of a country's economic output.
- Price levels can vary significantly across countries.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP for the Bahamas measures the average price of all final goods and services produced within the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for assessing the purchasing power and cost of living in the Bahamian economy, which is useful for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using the GEKS-CPDW methodology.
Q: How is this trend used in economic policy?
A: This trend is relevant for analyzing Bahamian economic performance and informing policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and limitations of the U.S. Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Price Level of GDP, average of GEKS-CPDW for Bahamas (PL2GDPBSA621NUPN), retrieved from FRED.