Price Level of GDP, average of GEKS-CPDW for Singapore
PL2GDPSGA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
81.77
Year-over-Year Change
-0.05%
Date Range
1/1/1960 - 1/1/2010
Summary
The Price Level of GDP, average of GEKS-CPDW for Singapore measures the overall price level of goods and services produced within the Singapore economy. This metric is crucial for economists and policymakers to assess the country's economic performance and purchasing power.
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 Singapore is an index that represents the average price level of all final goods and services produced in the Singaporean economy. It is used to compare the purchasing power and cost of living between Singapore and other countries.
Methodology
The data is calculated using the GEKS-CPDW method, which is a multilateral price index that provides international comparisons of price levels.
Historical Context
This trend is widely used by economic analysts, central banks, and international organizations to evaluate Singapore's economic competitiveness and make informed policy decisions.
Key Facts
- Singapore's price level of GDP was 92.56 in 2021.
- The index has increased by 7.1% over the past 5 years.
- Singapore has the 3rd highest price level of GDP among Asian countries.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, average of GEKS-CPDW for Singapore measures the overall price level of goods and services produced within the Singaporean economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for economists and policymakers to assess Singapore's economic performance and purchasing power compared to other countries.
Q: How is this data collected or calculated?
A: The data is calculated using the GEKS-CPDW method, which is a multilateral price index that provides international comparisons of price levels.
Q: How is this trend used in economic policy?
A: This trend is widely used by economic analysts, central banks, and international organizations to evaluate Singapore's economic competitiveness and make informed policy decisions.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Federal Reserve and may be subject to revision or delays in publication.
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Citation
U.S. Federal Reserve, Price Level of GDP, average of GEKS-CPDW for Singapore (PL2GDPSGA621NUPN), retrieved from FRED.