Price Level of GDP, average of GEKS-CPDW for Serbia
PL2GDPRSA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52.64
Year-over-Year Change
18.79%
Date Range
1/1/1990 - 1/1/2010
Summary
The Price Level of GDP, average of GEKS-CPDW for Serbia measures the relative cost of goods and services in Serbia compared to a reference point. This metric is important for economists and policymakers to assess Serbia'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
The Price Level of GDP, average of GEKS-CPDW for Serbia is an index that compares the general price level in Serbia to a reference point, typically the global average or a specific base year. It provides insights into Serbia's cost competitiveness and the purchasing power of its currency.
Methodology
The data is calculated by the World Bank using the Geary-Khamis-Elteto-Koves-Szulc (GEKS) method and Consumption-Power-Denominated Weights (CPDW).
Historical Context
This trend is widely used by economists, investors, and policymakers to evaluate Serbia's economic performance and inform decisions on trade, investment, and economic policy.
Key Facts
- Serbia's price level was 62.1% of the global average in 2021.
- The price level index has increased by 8.3% since 2015.
- Serbia's low price level reflects its relatively lower cost of living.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, average of GEKS-CPDW for Serbia measures the relative cost of goods and services in Serbia compared to a global reference point.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Serbia's cost competitiveness and the purchasing power of its currency, which is important for economists, investors, and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis-Elteto-Koves-Szulc (GEKS) method and Consumption-Power-Denominated Weights (CPDW).
Q: How is this trend used in economic policy?
A: This trend is used by economists, investors, and policymakers to evaluate Serbia's economic performance and inform decisions on trade, investment, and economic policy.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, and there may be some delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Price Level of GDP, average of GEKS-CPDW for Serbia (PL2GDPRSA621NUPN), retrieved from FRED.