Price Level of GDP, average of GEKS-CPDW for Switzerland
PL2GDPCHA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
151.94
Year-over-Year Change
18.50%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of GDP, average of GEKS-CPDW for Switzerland measures the price level of Switzerland's gross domestic product using a multilateral index. This data point is crucial for understanding the country's real economic growth and comparing its purchasing power to other nations.
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
This price level index tracks the overall price changes in Switzerland's GDP, accounting for differences in the domestic price structure compared to a base year. It is a key indicator for assessing the Swiss economy's competitiveness and comparing its standard of living to other countries.
Methodology
The data is calculated using the Geary-Khamis-Elteto-Koves-Szulc chain-linked purchasing power parity (GEKS-CPDW) method.
Historical Context
Policymakers and analysts use this index to evaluate Switzerland's economic performance and guide decisions on trade, monetary, and fiscal policies.
Key Facts
- Switzerland's GDP price level was 121.4 in 2020.
- The index uses 2017 as the base year.
- The price level index helps assess Switzerland's global competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, average of GEKS-CPDW for Switzerland measures the overall price level of the country's gross domestic product, accounting for differences in the domestic price structure compared to a base year.
Q: Why is this trend relevant for users or analysts?
A: This index is crucial for understanding Switzerland's real economic growth and comparing its purchasing power to other nations, which informs decisions on trade, monetary, and fiscal policies.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis-Elteto-Koves-Szulc chain-linked purchasing power parity (GEKS-CPDW) method.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to evaluate Switzerland's economic performance and guide decisions on trade, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The data is updated regularly, but there may be some delay in availability depending on the source.
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Citation
U.S. Federal Reserve, Price Level of GDP, average of GEKS-CPDW for Switzerland (PL2GDPCHA621NUPN), retrieved from FRED.