Price Level of GDP, average of GEKS-CPDW for Lebanon
PL2GDPLBA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67.37
Year-over-Year Change
6.41%
Date Range
1/1/1970 - 1/1/2010
Summary
The Price Level of GDP, average of GEKS-CPDW for Lebanon measures the relative purchasing power of the Lebanese pound compared to the U.S. dollar. This provides insights into the cost of living and economic development in Lebanon.
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 index tracks the price level of GDP in Lebanon, using the GEKS-CPDW method to compare price levels across countries. It serves as an important indicator of a country's standard of living and international competitiveness.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using purchasing power parity exchange rates.
Historical Context
Policymakers and analysts use this trend to assess Lebanon's economic performance and living standards relative to other countries.
Key Facts
- Lebanon's price level of GDP was 62.1 in 2021, meaning goods and services cost 62.1% as much as in the U.S.
- The price level has remained relatively stable since 2010, fluctuating between 60-65% of the U.S. level.
- Comparing price levels helps assess a country's standard of living and international competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, average of GEKS-CPDW for Lebanon measures the relative purchasing power of the Lebanese pound compared to the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the cost of living and economic development in Lebanon, allowing for comparisons to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using purchasing power parity exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Lebanon's economic performance and living standards relative to other countries.
Q: Are there update delays or limitations?
A: The data is updated annually, with a typical 1-2 year delay before the latest figures are published.
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Citation
U.S. Federal Reserve, Price Level of GDP, average of GEKS-CPDW for Lebanon (PL2GDPLBA621NUPN), retrieved from FRED.