Price Level of GDP, average of GEKS-CPDW for Dominica
PL2GDPDMA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
81.61
Year-over-Year Change
-12.89%
Date Range
1/1/1970 - 1/1/2010
Summary
The Price Level of GDP, average of GEKS-CPDW for Dominica is an economic indicator that measures the general price level of goods and services in the Dominica economy. It is a key statistic for evaluating the country's economic performance and price stability.
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 series represents the price level of GDP in Dominica, calculated using the Geary-Khamis method with the Caves-Christensen-Diewert-Woodland (CPDW) variant. It provides insights into the overall cost of living and purchasing power in the country compared to a base period.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using national accounts information.
Historical Context
Policymakers and analysts use this metric to assess Dominica's economic conditions and competitiveness.
Key Facts
- Dominica's GDP price level was 62.1 in 2021.
- The GDP price level is calculated relative to a base year of 2017.
- Dominica's price level is lower than the global average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the general price level of goods and services in the Dominica economy, providing insights into the country's cost of living and purchasing power.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for evaluating Dominica's economic performance, price stability, and international competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve using national accounts information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Dominica's economic conditions and competitiveness.
Q: Are there update delays or limitations?
A: The data is subject to the availability of national accounts information from Dominica.
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Citation
U.S. Federal Reserve, Price Level of GDP, average of GEKS-CPDW for Dominica (PL2GDPDMA621NUPN), retrieved from FRED.