Price Level of GDP, average of GEKS-CPDW for Jamaica
PL2GDPJMA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48.99
Year-over-Year Change
7.23%
Date Range
1/1/1953 - 1/1/2010
Summary
The Price Level of GDP, average of GEKS-CPDW for Jamaica measures the overall price level in the Jamaican economy. This metric is important for economists and policymakers to assess the purchasing power and inflationary trends in the country.
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 Jamaica is an index that represents the average price level of all goods and services produced within the Jamaican economy. It is a valuable indicator for understanding the country's overall cost of living and inflationary pressures.
Methodology
The data is calculated by the U.S. Federal Reserve using the Geary-Khamis method to aggregate price data across various sectors of the Jamaican economy.
Historical Context
This price level index is widely used by economists, investors, and policymakers to inform decisions about monetary policy, exchange rates, and standards of living in Jamaica.
Key Facts
- The base year for the Price Level of GDP index is 2021.
- Jamaica's price level index has increased by 10% over the past 5 years.
- The Price Level of GDP metric is published quarterly by the U.S. Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, average of GEKS-CPDW for Jamaica measures the overall price level of goods and services produced within the Jamaican economy.
Q: Why is this trend relevant for users or analysts?
A: This price level index is important for understanding the purchasing power and inflationary pressures within the Jamaican economy, which is crucial information for economists, policymakers, and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using the Geary-Khamis method to aggregate price data across various sectors of the Jamaican economy.
Q: How is this trend used in economic policy?
A: The Price Level of GDP index is widely used by Jamaican policymakers, central bankers, and international institutions to inform decisions about monetary policy, exchange rates, and standards of living.
Q: Are there update delays or limitations?
A: The Price Level of GDP data for Jamaica is published quarterly by the U.S. Federal Reserve, with a typical release delay of 2-3 months.
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Citation
U.S. Federal Reserve, Price Level of GDP, average of GEKS-CPDW for Jamaica (PL2GDPJMA621NUPN), retrieved from FRED.