Price Level of GDP, average of GEKS-CPDW for Macao
PL2GDPMOA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77.68
Year-over-Year Change
-2.80%
Date Range
1/1/1970 - 1/1/2010
Summary
The Price Level of GDP, average of GEKS-CPDW for Macao measures the relative price level of GDP in Macao compared to the United States. This indicator is crucial for economists and policymakers to assess the purchasing power and cost of living in Macao.
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 Macao is an economic indicator that compares the price level of GDP in Macao to the United States. It provides insights into the relative cost of goods and services in Macao, which is useful for international comparisons and analysis of economic competitiveness.
Methodology
The data is calculated using the Geographical Expenditure Comparison (GEKS) method and the Consumption Purchasing Power Disparity (CPDW) approach.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to evaluate the economic performance and living standards in Macao.
Key Facts
- Macao's GDP price level is higher than the U.S.
- The indicator is useful for international comparisons of living standards.
- The data is updated 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 Macao measures the relative price level of GDP in Macao compared to the United States.
Q: Why is this trend relevant for users or analysts?
A: This indicator is crucial for economists and policymakers to assess the purchasing power and cost of living in Macao, which is useful for international comparisons and analysis of economic competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated using the Geographical Expenditure Comparison (GEKS) method and the Consumption Purchasing Power Disparity (CPDW) approach.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to evaluate the economic performance and living standards in Macao.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Federal Reserve.
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Citation
U.S. Federal Reserve, Price Level of GDP, average of GEKS-CPDW for Macao (PL2GDPMOA621NUPN), retrieved from FRED.