Price Level of GDP, G-K method for Bangladesh
PLOGDPBDA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42.21
Year-over-Year Change
-2.65%
Date Range
1/1/1959 - 1/1/2010
Summary
The Price Level of GDP, G-K method for Bangladesh tracks the relative prices of goods and services produced within the Bangladeshi economy. This metric is crucial for understanding the country's economic performance and growth trajectory.
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, G-K method measures the price level of total economic output in Bangladesh, adjusting for differences in purchasing power across countries. It provides a more accurate comparison of real economic activity than using market exchange rates alone.
Methodology
The data is calculated by the World Bank using the Geary-Khamis (G-K) method, which accounts for price variations across countries.
Historical Context
This trend is widely used by economists, policymakers, and investors to assess Bangladesh's economic competitiveness and standards of living relative to other nations.
Key Facts
- Bangladesh's GDP price level was 23.72 in 2020.
- The G-K method adjusts for purchasing power differences.
- This metric enables cross-country economic comparisons.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, G-K method for Bangladesh tracks the relative prices of goods and services produced within the Bangladeshi economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding Bangladesh's economic performance and growth, as it provides a more accurate comparison of real economic activity than using market exchange rates alone.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis (G-K) method, which accounts for price variations across countries.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and investors to assess Bangladesh's economic competitiveness and standards of living relative to other nations.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the World Bank.
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Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for Bangladesh (PLOGDPBDA621NUPN), retrieved from FRED.