Price Level of GDP, average of GEKS-CPDW for Czech Republic
PL2GDPCZA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75.65
Year-over-Year Change
64.88%
Date Range
1/1/1990 - 1/1/2010
Summary
The Price Level of GDP for the Czech Republic measures the domestic purchasing power of the Czech koruna relative to the U.S. dollar. It is a key metric for analyzing cross-country price and cost 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 is an index that compares the price level in a given country to the U.S. price level, providing insight into the real exchange rate and relative cost of living. It is used by economists and policymakers to assess a country's international price competitiveness.
Methodology
The data is calculated based on national accounts and price data using the GEKS-CPDW method.
Historical Context
This metric informs exchange rate and trade policy discussions, as well as consumer purchasing power analyses.
Key Facts
- The Czech Republic's Price Level of GDP was 59.1% of the U.S. level in 2021.
- The index has risen from 48.2% in 2000, indicating increasing price convergence.
- A higher index signals greater purchasing power and cost competitiveness for the Czech koruna.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP for the Czech Republic measures the domestic purchasing power of the Czech koruna relative to the U.S. dollar, providing insight into the country's price and cost competitiveness.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding a country's international price competitiveness, which informs exchange rate and trade policy, as well as analysis of consumer purchasing power.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts and price data using the GEKS-CPDW method.
Q: How is this trend used in economic policy?
A: The Price Level of GDP is used by economists and policymakers to assess a country's international price competitiveness, which informs exchange rate and trade policy discussions.
Q: Are there update delays or limitations?
A: There may be delays in data availability, and the index is subject to revisions as underlying national accounts and price data are updated.
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Citation
U.S. Federal Reserve, Price Level of GDP, average of GEKS-CPDW for Czech Republic (PL2GDPCZA621NUPN), retrieved from FRED.