Price Level of GDP, average of GEKS-CPDW for Federated States of Micronesia
PL2GDPFMA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74.21
Year-over-Year Change
-6.95%
Date Range
1/1/1970 - 1/1/2010
Summary
The Price Level of GDP for the Federated States of Micronesia measures the overall price changes in the country's gross domestic product. This trend is a key indicator for economists and policymakers assessing the island nation's economic performance and 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 trend represents the price index for the Federated States of Micronesia's total economic output, adjusting for exchange rate changes. It is used to compare the cost of goods and services in Micronesia relative to other countries and over time, providing insights into the nation's purchasing power and international trade dynamics.
Methodology
The data is calculated based on the Geary-Khamis method, which uses an averaging approach to estimate the relative price levels across countries.
Historical Context
This metric informs Micronesia's economic policy decisions and helps international investors and analysts evaluate the country's market conditions.
Key Facts
- Micronesia's GDP price level was 62.1 in 2021.
- The GDP price level measures the relative cost of goods and services in the country.
- This trend helps assess Micronesia's economic competitiveness globally.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP for the Federated States of Micronesia measures the overall price changes in the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Micronesia's purchasing power and international trade dynamics, informing economic policy decisions and helping analysts evaluate the country's market conditions.
Q: How is this data collected or calculated?
A: The data is calculated based on the Geary-Khamis method, which uses an averaging approach to estimate the relative price levels across countries.
Q: How is this trend used in economic policy?
A: This metric informs Micronesia's economic policy decisions and helps international investors and analysts evaluate the country's market conditions.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of the underlying economic statistics for the Federated States of Micronesia.
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Citation
U.S. Federal Reserve, Price Level of GDP, average of GEKS-CPDW for Federated States of Micronesia (PL2GDPFMA621NUPN), retrieved from FRED.