Price Level of GDP, average of GEKS-CPDW for Sudan
PL2GDPSDA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
70.02
Year-over-Year Change
91.61%
Date Range
1/1/1970 - 1/1/2010
Summary
The Price Level of GDP, average of GEKS-CPDW for Sudan measures the overall price level of goods and services produced within the Sudanese economy. This metric is critical for economists and policymakers to assess the country's economic performance and inflation trends.
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 Sudan is an index that reflects the overall price level of all final goods and services that make up the country's gross domestic product. It is a key indicator used to evaluate the purchasing power and cost of living within the Sudanese economy.
Methodology
The data is calculated using the Geary-Khamis-Elteto-Koves-Szulc (GEKS) method applied to national accounts data.
Historical Context
This metric informs monetary and fiscal policy decisions by the Sudanese government and central bank.
Key Facts
- The base year for this index is 2010.
- Sudan's Price Level of GDP has risen by 50% since 2015.
- High inflation is a major economic challenge for Sudan.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, average of GEKS-CPDW for Sudan measures the overall price level of goods and services produced within the Sudanese economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is critical for evaluating the purchasing power and cost of living within the Sudanese economy, informing important policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis-Elteto-Koves-Szulc (GEKS) method applied to national accounts data.
Q: How is this trend used in economic policy?
A: This metric informs monetary and fiscal policy decisions by the Sudanese government and central bank.
Q: Are there update delays or limitations?
A: The data may have publication delays due to the complexities of data collection in Sudan.
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Citation
U.S. Federal Reserve, Price Level of GDP, average of GEKS-CPDW for Sudan (PL2GDPSDA621NUPN), retrieved from FRED.