Price Level of GDP, G-K method for China
PLOGD2CNA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49.77
Year-over-Year Change
44.71%
Date Range
1/1/1952 - 1/1/2010
Summary
The Price Level of GDP, G-K method for China measures the relative purchasing power of the Chinese economy compared to a reference country or region. It is a key indicator used by economists and policymakers to assess China's economic 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
This index represents the price level of China's GDP relative to a base country, calculated using the Geary-Khamis (G-K) method. It provides insights into China's cost of living and standards of living compared to other economies.
Methodology
The data is calculated by the World Bank using price and GDP data from national statistics agencies.
Historical Context
Analysts and policymakers use this indicator to evaluate China's economic performance and competitiveness.
Key Facts
- China's price level was 36.7% of the U.S. level in 2020.
- The indicator has increased from 27.8% in 2000, showing rising Chinese prices.
- China has the world's second-largest GDP based on purchasing power parity.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the price level of China's GDP compared to a reference country or region, using the Geary-Khamis (G-K) method for cross-country comparisons.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into China's cost of living and economic competitiveness relative to other major economies, which is crucial for analysts assessing China's economic performance and development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using price and GDP data from national statistics agencies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to evaluate China's economic performance, cost of living, and international competitiveness, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data may have a lag of several years, as it depends on the availability of underlying GDP and price data from national sources.
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Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for China (PLOGD2CNA621NUPN), retrieved from FRED.