Price Level of GDP, average of GEKS-CPDW for Portugal
PL2GDPPTA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94.94
Year-over-Year Change
21.89%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of GDP, average of GEKS-CPDW for Portugal measures the overall price level of goods and services produced within the Portuguese economy. This data point is crucial for economists and policymakers to understand the country's economic performance and inflation dynamics.
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 Portugal represents the relative purchasing power of the Portuguese currency compared to a base year. It is used to adjust nominal GDP figures for price changes, providing a more accurate assessment of real economic growth and living standards.
Methodology
The data is calculated based on the Geary-Khamis-Eltetö-Köves-Szulc (GEKS) method using the country-product-dummy Törnqvist-Theil (CPDW) index.
Historical Context
This economic indicator is closely monitored by the European Central Bank and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Portugal's GDP price level was 72.4% of the U.S. level in 2020.
- The price level of GDP has increased by 10.5% in Portugal since 2010.
- Portugal's GDP price level is lower than the EU average.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, average of GEKS-CPDW for Portugal measures the overall price level of goods and services produced within the Portuguese economy, providing a way to compare purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This indicator is crucial for understanding Portugal's economic performance and inflation dynamics, and is used by policymakers and institutions to inform monetary and fiscal policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated based on the Geary-Khamis-Eltetö-Köves-Szulc (GEKS) method using the country-product-dummy Törnqvist-Theil (CPDW) index.
Q: How is this trend used in economic policy?
A: The Price Level of GDP for Portugal is closely monitored by the European Central Bank and other institutions to assess the country's economic competitiveness and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the availability and publication schedule of the underlying sources, which may result in occasional update delays.
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Citation
U.S. Federal Reserve, Price Level of GDP, average of GEKS-CPDW for Portugal (PL2GDPPTA621NUPN), retrieved from FRED.