Price Level of GDP, average of GEKS-CPDW for Finland
PL2GDPFIA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.48
Year-over-Year Change
15.66%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of GDP, average of GEKS-CPDW for Finland measures the relative purchasing power of the Finnish economy compared to other countries. It is an important economic indicator for policymakers and analysts comparing 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
This series represents the price level of GDP in Finland, calculated using the Geary-Khamis-Elteto-Koves-Szulc chain-linked purchasing power parity (GEKS-CPDW) method. It allows for cross-country comparisons of economic output and living standards.
Methodology
The data is calculated by the OECD based on national accounts and price survey information.
Historical Context
This trend is widely used by economists, investors, and policymakers to assess Finland's economic performance and competitiveness relative to its trading partners.
Key Facts
- Finland's price level of GDP was 115.7 in 2021.
- The price level has remained relatively stable over the past decade.
- Finland's price level is among the highest in the European Union.
FAQs
Q: What does this economic trend measure?
A: This trend measures the price level of GDP in Finland, which represents the relative purchasing power of the Finnish economy compared to other countries.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for assessing Finland's economic competitiveness and living standards relative to its trading partners.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD based on national accounts and price survey information.
Q: How is this trend used in economic policy?
A: Economists, investors, and policymakers use this trend to evaluate Finland's economic performance and competitiveness in global markets.
Q: Are there update delays or limitations?
A: The data is updated annually, with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Price Level of GDP, average of GEKS-CPDW for Finland (PL2GDPFIA621NUPN), retrieved from FRED.