Price Level of GDP, average of GEKS-CPDW for Panama
PL2GDPPAA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68.75
Year-over-Year Change
-2.17%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of GDP, average of GEKS-CPDW for Panama measures the relative purchasing power of the Panamanian economy compared to the United States. It is an important indicator for economists and policymakers assessing a country's economic competitiveness and cost of living.
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 trend represents the price level of Panama's Gross Domestic Product (GDP) relative to the United States, calculated using the GEKS-CPDW methodology. It provides insights into the cost of goods and services in Panama compared to the U.S., which is useful for analyzing trade, investment, and standard of living.
Methodology
The data is calculated by the U.S. Federal Reserve using detailed expenditure and price information.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to evaluate Panama's economic performance and competitiveness.
Key Facts
- Panama's price level was 62.1% of the U.S. level in 2020.
- The trend has declined from a high of 69.4% in 2010.
- This indicates Panama has a lower cost of living compared to the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the price level of Panama's Gross Domestic Product (GDP) relative to the United States, providing insights into the cost of goods and services in Panama compared to the U.S.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for economists and policymakers to assess Panama's economic competitiveness and the purchasing power of its currency compared to the U.S.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using detailed expenditure and price information.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to evaluate Panama's economic performance and competitiveness.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Federal Reserve, but there may be some delays in the release of the latest information.
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Citation
U.S. Federal Reserve, Price Level of GDP, average of GEKS-CPDW for Panama (PL2GDPPAA621NUPN), retrieved from FRED.