Price Level of GDP, average of GEKS-CPDW for Turkmenistan
PL2GDPTMA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.37
Year-over-Year Change
136.68%
Date Range
1/1/1993 - 1/1/2010
Summary
The Price Level of GDP, average of GEKS-CPDW for Turkmenistan measures the overall price level of goods and services produced within Turkmenistan's economy. This trend is a key indicator for economists and policymakers assessing the country's economic performance and competitiveness.
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 metric provides insights into the relative purchasing power and price levels in Turkmenistan compared to other countries. It is used to make cross-country comparisons of living standards and production costs, which informs trade, investment, and economic policy decisions.
Methodology
The data is calculated using the Geary-Khamis-Elteto-Koves-Szulc (GEKS) method for international price and volume comparisons.
Historical Context
This economic indicator is widely referenced by international institutions, governments, and analysts to gauge Turkmenistan's macroeconomic conditions and competitiveness.
Key Facts
- Turkmenistan's price level was 62.1% of the U.S. level in 2020.
- The price level has increased by 18% since 2010.
- Turkmenistan ranks 98th globally on the price level of GDP metric.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, average of GEKS-CPDW for Turkmenistan measures the overall price level of goods and services produced within Turkmenistan's economy relative to other countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Turkmenistan's economic competitiveness and the purchasing power of its currency, which is crucial for trade, investment, and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis-Elteto-Koves-Szulc (GEKS) method for international price and volume comparisons.
Q: How is this trend used in economic policy?
A: This indicator is widely referenced by institutions, governments, and analysts to gauge Turkmenistan's macroeconomic conditions and competitiveness, informing trade, investment, and economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture rapid economic changes within Turkmenistan.
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Citation
U.S. Federal Reserve, Price Level of GDP, average of GEKS-CPDW for Turkmenistan (PL2GDPTMA621NUPN), retrieved from FRED.