Price Level of GDP, G-K method for Belgium
PLOGDPBEA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.25
Year-over-Year Change
17.06%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of GDP, G-K method for Belgium measures the general price level of goods and services produced in the Belgian economy. It is a key indicator used by economists and policymakers to analyze inflation and the purchasing power of the Belgian franc.
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 implied deflator for Belgian GDP, calculated using the Geary-Khamis (G-K) method, which accounts for international price differences. It provides a comprehensive measure of price changes across the entire Belgian economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts information.
Historical Context
Trends in the Belgian price level index are closely monitored by the European Central Bank and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- The base year for this index is 2017 = 100.
- Belgium is a member of the Eurozone and the European Union.
- The price level index is published quarterly by the U.S. Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, G-K method for Belgium measures the overall price level of goods and services produced in the Belgian economy.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of Belgian inflation and purchasing power, making it highly relevant for economic analysts, policymakers, and anyone interested in the Belgian macroeconomic environment.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts information from Belgium.
Q: How is this trend used in economic policy?
A: Trends in the Belgian price level index are closely monitored by the European Central Bank and other institutions to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The price level index is published quarterly with a relatively short delay, making it a timely indicator of Belgian economic conditions.
Related Trends
Price Level of Investment for Rwanda
PLOINVRWA624NUPN
Price Level of Consumption for Eritrea
PLOCONERA622NUPN
Price Level of GDP, average of GEKS-CPDW for Uruguay
PL2GDPUYA621NUPN
Price Level of GDP, average of GEKS-CPDW for Sao Tome and Principe
PL2GDPSTA621NUPN
Price Level of GDP, G-K method for Afghanistan
PLOGDPAFA621NUPN
Price Level of Investment for United Kingdom
PLOINVGBA624NUPN
Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for Belgium (PLOGDPBEA621NUPN), retrieved from FRED.