Price Level of GDP, average of GEKS-CPDW for St.Vincent and Grenadines
PL2GDPVCA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
82.60
Year-over-Year Change
-0.50%
Date Range
1/1/1970 - 1/1/2010
Summary
This economic indicator measures the average price level of GDP in St. Vincent and the Grenadines. It provides insights into the country's overall price dynamics and purchasing power parity.
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 for St. Vincent and the Grenadines is an index that represents the ratio of the country's GDP at market prices to its GDP at constant prices. It is used to assess the general price level in the economy and enable cross-country comparisons of living standards.
Methodology
The data is calculated by the World Bank using the Geary-Khamis-Elteto-Koves-Szulc (GEKS-CPDW) method.
Historical Context
This metric is valuable for policymakers and economists analyzing economic performance and international competitiveness.
Key Facts
- St. Vincent and the Grenadines' GDP price level was 58.49 in 2020.
- The price level index is based on 2017 as the base year (= 100).
- This metric enables cross-country comparisons of living standards.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the average price level of GDP in St. Vincent and the Grenadines, providing insights into the country's overall price dynamics and purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: This metric is valuable for policymakers and economists analyzing economic performance and international competitiveness, as it enables cross-country comparisons of living standards.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis-Elteto-Koves-Szulc (GEKS-CPDW) method.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and economists to assess the general price level in the economy and analyze economic performance and international competitiveness.
Q: Are there update delays or limitations?
A: The data is subject to the availability and publication schedule of the World Bank, which is the primary source for this metric.
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Citation
U.S. Federal Reserve, Price Level of GDP, average of GEKS-CPDW for St.Vincent and Grenadines (PL2GDPVCA621NUPN), retrieved from FRED.