Price Level of GDP, average of GEKS-CPDW for St. Kitts and Nevis
PL2GDPKNA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.22
Year-over-Year Change
22.30%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic trend measures the average price level of GDP for St. Kitts and Nevis, using the GEKS-CPDW method. It provides insights into the purchasing power and inflation dynamics 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 St. Kitts and Nevis is an indicator that tracks the overall price level of goods and services produced within the country's economy. It is calculated using the GEKS-CPDW (Gini-Éltetö-Köves-Szulc cross-country comparisons of prices based on Diewert-Weymark) method, which allows for reliable international price comparisons.
Methodology
The data is calculated by the U.S. Federal Reserve using national accounts and price data.
Historical Context
This trend is useful for economists and policymakers to assess the cost of living and purchasing power in St. Kitts and Nevis relative to other countries.
Key Facts
- St. Kitts and Nevis is a Caribbean island country.
- The GEKS-CPDW method is a reliable approach for international price comparisons.
- This trend provides insights into the cost of living and inflation in the country.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average price level of GDP for St. Kitts and Nevis, using the GEKS-CPDW method. It provides insights into the purchasing power and inflation dynamics in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for economists and policymakers to assess the cost of living and purchasing power in St. Kitts and Nevis relative to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using national accounts and price data.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to evaluate the relative cost of living and inflation dynamics in St. Kitts and Nevis, which can inform economic and social policies.
Q: Are there update delays or limitations?
A: The data may have update delays or limitations due to the availability of underlying national accounts and price data for St. Kitts and Nevis.
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Citation
U.S. Federal Reserve, Price Level of GDP, average of GEKS-CPDW for St. Kitts and Nevis (PL2GDPKNA621NUPN), retrieved from FRED.