Price Level of GDP, average of GEKS-CPDW for Chad
PL2GDPTDA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45.19
Year-over-Year Change
-8.37%
Date Range
1/1/1960 - 1/1/2010
Summary
The Price Level of GDP, average of GEKS-CPDW for Chad measures the relative purchasing power of Chad's currency compared to a global average. This metric is important for economists and policymakers analyzing Chad's economic competitiveness and trade dynamics.
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 Chad is an index that compares the price level of Chad's GDP to the global average. It provides insight into the affordability of Chad's goods and services relative to other countries, which is crucial for assessing economic performance and international trade.
Methodology
The data is calculated using the Geary-Khamis-Elteto-Koves-Szulc (GEKS) method and the country-product-dummy (CPD) approach.
Historical Context
This metric is widely used by economists, market analysts, and policymakers to evaluate Chad's economic competitiveness and guide trade and monetary policy decisions.
Key Facts
- Chad's Price Level of GDP was 0.358 in 2020.
- The index has declined from 0.414 in 2010, indicating Chad's goods have become more affordable globally.
- Monitoring this metric helps policymakers assess Chad's international competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, average of GEKS-CPDW for Chad measures the relative purchasing power of Chad's currency compared to a global average. It provides insight into the affordability of Chad's goods and services relative to other countries.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for economists and policymakers in evaluating Chad's economic competitiveness and guiding trade and monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis-Elteto-Koves-Szulc (GEKS) method and the country-product-dummy (CPD) approach.
Q: How is this trend used in economic policy?
A: Economists, market analysts, and policymakers use this metric to assess Chad's economic competitiveness and guide trade and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the availability and publication schedule of the U.S. Federal Reserve's FRED database.
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Citation
U.S. Federal Reserve, Price Level of GDP, average of GEKS-CPDW for Chad (PL2GDPTDA621NUPN), retrieved from FRED.