Price Level of GDP, average of GEKS-CPDW for Lesotho
PL2GDPLSA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66.17
Year-over-Year Change
26.54%
Date Range
1/1/1960 - 1/1/2010
Summary
The Price Level of GDP, average of GEKS-CPDW for Lesotho measures the relative cost of goods and services in Lesotho compared to the global average. This metric is important for economists and policymakers to assess Lesotho's purchasing power and international 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, average of GEKS-CPDW for Lesotho is an index that compares the cost of a basket of goods and services in Lesotho to the global average, providing insight into the country's price levels and standard of living. It is a key indicator for assessing Lesotho's economic position relative to other nations.
Methodology
This data is calculated by the World Bank using the Geary-Khamis-Elteto-Koves-Szulc (GEKS) method and the Country-Product-Dummy (CPD) approach.
Historical Context
Policymakers and analysts use this metric to evaluate Lesotho's competitiveness and the purchasing power of its population.
Key Facts
- Lesotho's GDP price level is 62.1% of the global average.
- This index has remained relatively stable over the past decade.
- Lesotho's low price level indicates its goods and services are affordable compared to other countries.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, average of GEKS-CPDW for Lesotho measures the relative cost of goods and services in Lesotho compared to the global average.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Lesotho's purchasing power and international competitiveness, which is important for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis-Elteto-Koves-Szulc (GEKS) method and the Country-Product-Dummy (CPD) approach.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Lesotho's competitiveness and the purchasing power of its population.
Q: Are there update delays or limitations?
A: There may be delays in data availability, and the metric may not fully capture all aspects of Lesotho's price levels.
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Citation
U.S. Federal Reserve, Price Level of GDP, average of GEKS-CPDW for Lesotho (PL2GDPLSA621NUPN), retrieved from FRED.