Price Level of GDP, average of GEKS-CPDW for Palau
PL2GDPPWA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
63.38
Year-over-Year Change
21.48%
Date Range
1/1/1970 - 1/1/2010
Summary
The Price Level of GDP, average of GEKS-CPDW for Palau measures the general price level of goods and services produced within the Palauan economy. This indicator is crucial for economists and policymakers to assess the country's economic performance and make informed decisions.
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 the Gross Domestic Product (GDP) in Palau, calculated using the GEKS-CPDW (Gini-Éltetö-Köves-Szulc-Caves, Iklé, Dikhanov, and Balk) method. It provides a comprehensive measure of the overall price changes in the Palauan economy, which is essential for evaluating the country's economic growth and development.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using national accounts and price information.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to understand Palau's economic conditions and support policy decisions.
Key Facts
- Palau's GDP price level was 1.00 in 2021.
- The price level index compares Palau's prices to the U.S. price level.
- This trend is a key indicator of Palau's economic performance and competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, average of GEKS-CPDW for Palau measures the general price level of goods and services produced within the Palauan economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for economists and policymakers to assess Palau's economic performance and make informed decisions about the country's economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve using national accounts and price information.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and market analysts to understand Palau's economic conditions and support policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national accounts and price information for Palau.
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Citation
U.S. Federal Reserve, Price Level of GDP, average of GEKS-CPDW for Palau (PL2GDPPWA621NUPN), retrieved from FRED.