Price Level of GDP, average of GEKS-CPDW for Netherlands
PL2GDPNLA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.44
Year-over-Year Change
17.54%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of GDP, average of GEKS-CPDW for Netherlands measures the price level of total economic output in the Netherlands. This data point is crucial for international price and productivity comparisons.
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 Netherlands is an index that compares the price level of a country's total economic output, or GDP, to a reference country or region. It uses the GEKS-CPDW methodology to calculate this relative price level.
Methodology
The data is calculated based on national accounts data and purchasing power parity estimates.
Historical Context
This price level index is used by economists, policymakers, and multinational organizations to analyze economic competitiveness and living standards across countries.
Key Facts
- The index uses 2017 as the base year with a value of 100.
- Relative to the U.S., the 2021 price level in the Netherlands was 98.3.
- Comparing price levels is crucial for assessing living standards and productivity across countries.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, average of GEKS-CPDW for Netherlands measures the overall price level of the country's total economic output or GDP, relative to a reference region.
Q: Why is this trend relevant for users or analysts?
A: This price level index is important for comparing living standards, competitiveness, and productivity across countries by accounting for differences in price levels.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts data and purchasing power parity estimates using the GEKS-CPDW methodology.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and multinational organizations use this price level index to analyze economic competitiveness and living standards across countries.
Q: Are there update delays or limitations?
A: The data is updated annually, with a delay of approximately one year from the reference period.
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Citation
U.S. Federal Reserve, Price Level of GDP, average of GEKS-CPDW for Netherlands (PL2GDPNLA621NUPN), retrieved from FRED.