Price Level of GDP, G-K method for Angola
PLOGDPAOA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.73
Year-over-Year Change
190.52%
Date Range
1/1/1970 - 1/1/2010
Summary
The Price Level of GDP, G-K method for Angola is an economic indicator that measures the price level of goods and services produced within Angola, using the Geary-Khamis method for international price comparisons.
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 trend represents the relative price level of GDP in Angola compared to a base country or region, providing insights into the purchasing power and cost of living in the Angolan economy. The G-K method is a widely used approach for calculating international price parities.
Methodology
The data is calculated by the World Bank using national accounts and price survey information.
Historical Context
Policymakers and analysts use this metric to assess the competitiveness and living standards of the Angolan economy relative to other countries.
Key Facts
- Angola's GDP price level was 37.7% of the U.S. level in 2020.
- The G-K method accounts for differences in purchasing power across countries.
- This indicator is used to compare living standards and competitiveness internationally.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, G-K method for Angola measures the relative price level of goods and services produced within the Angolan economy compared to a base country or region, using the Geary-Khamis method for international price comparisons.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the purchasing power and cost of living in Angola relative to other economies, which is useful for policymakers, businesses, and individuals comparing economic conditions and standards of living across countries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and price survey information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the competitiveness and living standards of the Angolan economy relative to other countries, which can inform decisions related to trade, investment, and economic development.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the World Bank, and there may be lags in data availability compared to the current economic conditions in Angola.
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Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for Angola (PLOGDPAOA621NUPN), retrieved from FRED.