Price Level of GDP, average of GEKS-CPDW for Cape Verde
PL2GDPCVA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77.28
Year-over-Year Change
2.78%
Date Range
1/1/1960 - 1/1/2010
Summary
The Price Level of GDP, average of GEKS-CPDW for Cape Verde measures the general price level of goods and services produced within the Cape Verdean economy. This metric is crucial for policymakers to understand the country's economic performance and make informed decisions.
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 Cape Verde represents the relative purchasing power of the Cape Verdean currency compared to the U.S. dollar. It is used to compare the cost of living and production costs between Cape Verde and other countries.
Methodology
The data is calculated using the Geary-Khamis-Elteto-Koves-Szulc (GEKS) method with the Consumption Purchasing Power Disparity Weights (CPDW).
Historical Context
This trend is widely used by economists, financial analysts, and policymakers to assess Cape Verde's economic competitiveness and guide investment decisions.
Key Facts
- Cape Verde's Price Level of GDP was 62.1 in 2020.
- The Price Level of GDP measures the relative cost of goods and services in Cape Verde compared to the U.S.
- This metric is used to adjust GDP for cross-country price level differences.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, average of GEKS-CPDW for Cape Verde measures the general price level of goods and services produced within the Cape Verdean economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for policymakers to understand Cape Verde's economic performance and make informed decisions. It is also used to compare the cost of living and production costs between Cape Verde and other countries.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis-Elteto-Koves-Szulc (GEKS) method with the Consumption Purchasing Power Disparity Weights (CPDW).
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, financial analysts, and policymakers to assess Cape Verde's economic competitiveness and guide investment decisions.
Q: Are there update delays or limitations?
A: The data is subject to update delays and may have limitations in coverage or methodology changes over time.
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Citation
U.S. Federal Reserve, Price Level of GDP, average of GEKS-CPDW for Cape Verde (PL2GDPCVA621NUPN), retrieved from FRED.