Price Level of Consumption for Qatar
PLOCONQAA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.32
Year-over-Year Change
19.03%
Date Range
1/1/1986 - 1/1/2010
Summary
The Price Level of Consumption for Qatar measures the purchasing power parity of consumption in Qatar compared to the United States. It is an important economic indicator for understanding the relative cost of living and competitiveness of Qatar's 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 Consumption for Qatar is an index that compares the cost of a standardized basket of consumer goods and services in Qatar to the cost of the same basket in the United States. It provides insights into the relative purchasing power and affordability of consumer items in Qatar's economy.
Methodology
The data is calculated by the World Bank using price surveys and exchange rate data.
Historical Context
This indicator is used by economists, investors, and policymakers to assess Qatar's economic competitiveness and living standards relative to other countries.
Key Facts
- Qatar's Price Level of Consumption was 74.72 in 2020.
- The index has fluctuated between 70-80 over the past decade.
- A lower index indicates lower consumer prices in Qatar compared to the U.S.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for Qatar measures the purchasing power parity of consumption in Qatar compared to the United States.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the relative cost of living and competitiveness of Qatar's economy compared to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using price surveys and exchange rate data.
Q: How is this trend used in economic policy?
A: Economists, investors, and policymakers use this indicator to assess Qatar's economic competitiveness and living standards relative to other countries.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and may not capture rapid changes in exchange rates or inflation.
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Citation
U.S. Federal Reserve, Price Level of Consumption for Qatar (PLOCONQAA622NUPN), retrieved from FRED.