Price Level of GDP, average of GEKS-CPDW for Slovenia
PL2GDPSIA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83.89
Year-over-Year Change
15.70%
Date Range
1/1/1990 - 1/1/2010
Summary
The Price Level of GDP, average of GEKS-CPDW for Slovenia, measures the relative price level of gross domestic product in Slovenia compared to the United States. This metric is important for economists and policymakers to understand the purchasing power and international competitiveness of the Slovenian economy.
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 Slovenia is an index that compares the price level of GDP in Slovenia to the price level in the United States. A value above 100 indicates Slovenia's prices are higher, while a value below 100 means prices are lower than the U.S. This provides insight into the international competitiveness and standard of living in Slovenia.
Methodology
The data is calculated based on the Geary-Khamis and Caves-Christensen-Diewert-Woodland (GEKS-CPDW) methodology.
Historical Context
This trend is used by economists, policymakers, and international institutions to assess the relative purchasing power and competitiveness of the Slovenian economy.
Key Facts
- Slovenia's price level was 79.1% of the U.S. in 2020.
- The index has ranged from 75.4 to 84.0 over the past decade.
- Slovenia's lower price level reflects its relatively lower standard of living compared to the U.S.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, average of GEKS-CPDW for Slovenia measures the relative price level of gross domestic product in Slovenia compared to the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the international competitiveness and standard of living in Slovenia by comparing its price level to the U.S.
Q: How is this data collected or calculated?
A: The data is calculated based on the Geary-Khamis and Caves-Christensen-Diewert-Woodland (GEKS-CPDW) methodology.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and international institutions use this trend to assess the relative purchasing power and competitiveness of the Slovenian economy.
Q: Are there update delays or limitations?
A: The data is subject to potential delays in publication by the source agency.
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Citation
U.S. Federal Reserve, Price Level of GDP, average of GEKS-CPDW for Slovenia (PL2GDPSIA621NUPN), retrieved from FRED.