Price Level of GDP, average of GEKS-CPDW for Cuba
PL2GDPCUA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52.09
Year-over-Year Change
2.94%
Date Range
1/1/1970 - 1/1/2010
Summary
The Price Level of GDP, average of GEKS-CPDW for Cuba measures the purchasing power parity (PPP) between Cuba and the United States, a key indicator for international economic comparisons.
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 trend represents the price level of Cuba's GDP relative to the United States, calculated using the GEKS-CPDW (Gini-Éltetö-Köves-Szulc - Country Product Dummy-Weighted) methodology. It allows analysts to compare the real purchasing power of economic output across countries.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using price survey information and national accounts data.
Historical Context
Policymakers and economists use this metric to assess the competitiveness and living standards of the Cuban economy compared to the U.S.
Key Facts
- Cuba's GDP price level was 20.8% of the U.S. level in 2021.
- This metric has been tracked since 1950.
- It is published annually by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) between Cuba and the United States, allowing for comparisons of the real value of economic output across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing the competitiveness and living standards of the Cuban economy relative to the United States, a key consideration for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using price survey information and national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate the relative purchasing power and competitiveness of the Cuban economy compared to the United States.
Q: Are there update delays or limitations?
A: This data is published annually by the U.S. Bureau of Economic Analysis, with a typical 1-year delay.
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Citation
U.S. Federal Reserve, Price Level of GDP, average of GEKS-CPDW for Cuba (PL2GDPCUA621NUPN), retrieved from FRED.