Price Level of Consumption for Samoa
PLOCONWSA622NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47.47
Year-over-Year Change
39.11%
Date Range
1/1/1970 - 1/1/2010
Summary
The Price Level of Consumption for Samoa measures the relative cost of consumer goods and services in Samoa compared to the United States. It is an important indicator for assessing the purchasing power and cost of living in the Samoan 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 Samoa is an index that compares the prices of a representative basket of consumer goods and services in Samoa to the prices of the same basket in the United States. It provides a measure of the relative cost of living and purchasing power in the Samoan economy.
Methodology
The data is calculated by the World Bank using price surveys and national accounts data.
Historical Context
This index is used by economists, policymakers, and businesses to evaluate the competitiveness and affordability of the Samoan market.
Key Facts
- The index is benchmarked to the United States, which has a value of 100.
- Samoa's index value was 58.13 in 2020, indicating prices are 41.87% lower than the U.S.
- The index can be used to compare the relative cost of living in Samoa versus other countries.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Consumption for Samoa measures the relative cost of consumer goods and services in Samoa compared to the United States.
Q: Why is this trend relevant for users or analysts?
A: This index is important for assessing the purchasing power and cost of living in the Samoan economy, which is relevant for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using price surveys and national accounts data.
Q: How is this trend used in economic policy?
A: The Price Level of Consumption for Samoa is used by economists and policymakers to evaluate the competitiveness and affordability of the Samoan market.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a delay in the most recent information.
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Citation
U.S. Federal Reserve, Price Level of Consumption for Samoa (PLOCONWSA622NUPN), retrieved from FRED.