Price Level of GDP, average of GEKS-CPDW for Poland
PL2GDPPLA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
63.93
Year-over-Year Change
27.49%
Date Range
1/1/1970 - 1/1/2010
Summary
The 'Price Level of GDP, average of GEKS-CPDW for Poland' measures changes in the overall price level of goods and services produced in the Polish economy. This metric is important for economists and policymakers to assess a country's international cost 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
This GDP price level index compares the domestic price level in Poland to the global average, using a superlative Geary-Khamis-Elteto-Koves-Szulc (GEKS) methodology. It serves as a key indicator of Poland's relative purchasing power and can inform trade, investment, and exchange rate policy decisions.
Methodology
The data is calculated by the OECD based on GDP expenditure values and exchange rates.
Historical Context
This trend is widely used by international institutions, governments, and analysts to gauge Poland's macroeconomic performance and competitiveness.
Key Facts
- Poland's GDP price level was 58% of the global average in 2021.
- The index has risen from 51% in 2010, indicating improving cost competitiveness.
- A higher index value signals a country's goods and services are more expensive internationally.
FAQs
Q: What does this economic trend measure?
A: The 'Price Level of GDP, average of GEKS-CPDW for Poland' measures the overall domestic price level in Poland relative to the global average.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing Poland's international cost competitiveness and can inform trade, investment, and exchange rate policies.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD based on GDP expenditure values and exchange rates.
Q: How is this trend used in economic policy?
A: This GDP price level index is widely used by international institutions, governments, and analysts to gauge Poland's macroeconomic performance and competitiveness.
Q: Are there update delays or limitations?
A: The data is published annually by the OECD with a lag of about 1 year.
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Citation
U.S. Federal Reserve, Price Level of GDP, average of GEKS-CPDW for Poland (PL2GDPPLA621NUPN), retrieved from FRED.