Price Level of GDP, average of GEKS-CPDW for Puerto Rico
PL2GDPPRA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91.02
Year-over-Year Change
9.11%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of GDP, average of GEKS-CPDW for Puerto Rico measures the relative price level of goods and services in Puerto Rico compared to the U.S. national average. This metric is crucial for economists and policymakers to understand regional price disparities 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
The Price Level of GDP, average of GEKS-CPDW for Puerto Rico is an index that reflects the overall price level of final goods and services produced in Puerto Rico relative to the United States. It provides a comprehensive measure of price differences between Puerto Rico and the national economy.
Methodology
The data is calculated using the Geary-Khamis-Elteto-Koves-Szulc (GEKS) method with Consumption-Price-Deflator Weights (CPDW).
Historical Context
This metric informs policy decisions and market analysis related to regional economic conditions and competitiveness.
Key Facts
- The index is set to 100 for the U.S. national average.
- Puerto Rico's price level has historically been lower than the U.S. average.
- The metric is used to compare purchasing power and cost of living between regions.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, average of GEKS-CPDW for Puerto Rico measures the relative price level of goods and services in Puerto Rico compared to the U.S. national average.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for economists and policymakers to understand regional price disparities and cost of living, which informs decisions related to economic conditions and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis-Elteto-Koves-Szulc (GEKS) method with Consumption-Price-Deflator Weights (CPDW).
Q: How is this trend used in economic policy?
A: This metric informs policy decisions and market analysis related to regional economic conditions and competitiveness.
Q: Are there update delays or limitations?
A: The data is subject to the availability and release schedule of the U.S. Federal Reserve.
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Citation
U.S. Federal Reserve, Price Level of GDP, average of GEKS-CPDW for Puerto Rico (PL2GDPPRA621NUPN), retrieved from FRED.