Price Level of GDP, average of GEKS-CPDW for Guatemala
PL2GDPGTA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43.47
Year-over-Year Change
21.21%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of GDP, average of GEKS-CPDW for Guatemala measures the overall price level of the Guatemalan economy. This metric is crucial for understanding the country's economic development and relative purchasing power.
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 Guatemala is an index that tracks the average price level of all goods and services produced within the Guatemalan economy. It provides a comprehensive measure of inflation and allows for cross-country comparisons of living standards and purchasing power.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using the Geary-Khamis method and the Caves-Christensen-Diewert-Woodland (CPDW) approach.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to assess Guatemala's economic performance and competitiveness relative to other countries.
Key Facts
- Guatemala's price level is approximately 62% of the U.S. level.
- The trend has shown steady increases since the early 2000s.
- This metric allows for adjusting GDP to account for differences in purchasing power.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, average of GEKS-CPDW for Guatemala measures the overall price level of the Guatemalan economy, providing a comprehensive indicator of inflation and purchasing power.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding Guatemala's economic development, assessing its competitiveness relative to other countries, and adjusting GDP to account for differences in purchasing power.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve using the Geary-Khamis method and the Caves-Christensen-Diewert-Woodland (CPDW) approach.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to assess Guatemala's economic performance and competitiveness, as well as to inform policy decisions related to trade, investment, and living standards.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, but there may be some delays in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Price Level of GDP, average of GEKS-CPDW for Guatemala (PL2GDPGTA621NUPN), retrieved from FRED.