Price Level of GDP, average of GEKS-CPDW for Zimbabwe
PL2GDPZWA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
207.32
Year-over-Year Change
-25.88%
Date Range
1/1/1954 - 1/1/2010
Summary
The Price Level of GDP, average of GEKS-CPDW for Zimbabwe measures the overall price level of goods and services produced within the Zimbabwean economy. This metric is important for economists and policymakers to assess inflation and monitor the purchasing power of the Zimbabwean dollar.
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 Zimbabwe is an index that tracks the general price level of all final goods and services that make up the country's Gross Domestic Product. It provides a broad measure of inflation in the Zimbabwean economy and is a key indicator used by the government and central bank to guide monetary and fiscal policies.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using the Geary-Khamis-Elteto-Koves-Szulc (GEKS) method applied to Consumption, Private, Domestic, Weighted (CPDW) data.
Historical Context
Economists and market analysts closely monitor this price index to gauge the effectiveness of Zimbabwe's economic policies and the purchasing power of consumers.
Key Facts
- The base year for the Price Level of GDP index is 2021.
- Zimbabwe has experienced hyperinflation in recent decades, reaching over 500 billion percent in 2008.
- The Price Level of GDP index helps monitor the effectiveness of Zimbabwe's currency reforms.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, average of GEKS-CPDW for Zimbabwe measures the overall price level of goods and services produced within the Zimbabwean economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to assess inflation and monitor the purchasing power of the Zimbabwean dollar.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve using the Geary-Khamis-Elteto-Koves-Szulc (GEKS) method applied to Consumption, Private, Domestic, Weighted (CPDW) data.
Q: How is this trend used in economic policy?
A: Economists and market analysts closely monitor this price index to gauge the effectiveness of Zimbabwe's economic policies and the purchasing power of consumers.
Q: Are there update delays or limitations?
A: The Price Level of GDP index for Zimbabwe is updated regularly by the U.S. Federal Reserve, but there may be lags in data availability depending on the timeliness of source information from Zimbabwe.
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Citation
U.S. Federal Reserve, Price Level of GDP, average of GEKS-CPDW for Zimbabwe (PL2GDPZWA621NUPN), retrieved from FRED.