Price Level of GDP, average of GEKS-CPDW for Maldives
PL2GDPMVA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
85.67
Year-over-Year Change
34.57%
Date Range
1/1/1970 - 1/1/2010
Summary
The Price Level of GDP, average of GEKS-CPDW for Maldives measures the relative price level of goods and services in Maldives compared to a global average. This indicator is useful for assessing the purchasing power and cost of living 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 Maldives is an economic indicator that compares the price level of goods and services in Maldives to a global average. It provides insights into the relative cost of living and purchasing power in the country compared to other nations.
Methodology
This data is calculated by the World Bank using the Geary-Khamis (GK) method to aggregate price levels across countries.
Historical Context
Policymakers and analysts use this trend to evaluate Maldives' economic competitiveness and living standards relative to global benchmarks.
Key Facts
- Maldives' price level was 72.7% of the global average in 2020.
- The trend has fluctuated between 60-80% of the global average over the past decade.
- This indicator is published annually by the World Bank.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, average of GEKS-CPDW for Maldives measures the relative price level of goods and services in the country compared to a global average.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the purchasing power and cost of living in Maldives relative to other countries, which is useful for evaluating the country's economic competitiveness and living standards.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis (GK) method to aggregate price levels across countries.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Maldives' economic performance and living standards compared to global benchmarks, which can inform policy decisions.
Q: Are there update delays or limitations?
A: This indicator is published annually by the World Bank, so there may be a delay in the most recent data being available.
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Citation
U.S. Federal Reserve, Price Level of GDP, average of GEKS-CPDW for Maldives (PL2GDPMVA621NUPN), retrieved from FRED.