Price Level of GDP, average of GEKS-CPDW for Chile
PL2GDPCLA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77.22
Year-over-Year Change
-1.15%
Date Range
1/1/1951 - 1/1/2010
Summary
The Price Level of GDP, average of GEKS-CPDW for Chile, measures the relative price level of Chile's GDP compared to a global benchmark. This key economic indicator helps analyze a country's purchasing power and international competitiveness.
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 Chile, represents the price level of Chile's GDP in relation to a global reference price level. It is used to compare the purchasing power and real income levels across countries.
Methodology
This series is calculated by the OECD using the Geary-Khamis (GK) method and the Gini-Éltetö-Köves-Szulc (GEKS) method.
Historical Context
Policymakers and economists use this indicator to assess a country's international price competitiveness and living standards relative to its trading partners.
Key Facts
- Chile's price level of GDP was 62.1 in 2021.
- The price level is expressed as an index where the global average is 100.
- A lower index value indicates lower relative prices and greater purchasing power.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, average of GEKS-CPDW for Chile measures the relative price level of Chile's GDP compared to a global benchmark.
Q: Why is this trend relevant for users or analysts?
A: This indicator helps analyze Chile's purchasing power and international price competitiveness relative to its trading partners.
Q: How is this data collected or calculated?
A: The OECD calculates this series using the Geary-Khamis (GK) method and the Gini-Éltetö-Köves-Szulc (GEKS) method.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess a country's international price competitiveness and living standards.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be delays in accessing the most recent figures.
Related Trends
Price Level of GDP, average of GEKS-CPDW for St.Vincent and Grenadines
PL2GDPVCA621NUPN
Price Level of Consumption for Bosnia and Herzegovina
PLOCONBAA622NUPN
Price Level of Consumption for China
PLOCO2CNA622NUPN
Price Level of Investment for Republic of Korea
PLOINVKRA624NUPN
Price Level of Consumption for Macedonia
PLOCONMKA622NUPN
Price Level of Government Consumption for Germany
PLOGINDEA623NUPN
Citation
U.S. Federal Reserve, Price Level of GDP, average of GEKS-CPDW for Chile (PL2GDPCLA621NUPN), retrieved from FRED.