Price Level of GDP, G-K method for Burundi
PLOGDPBIA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33.43
Year-over-Year Change
-38.13%
Date Range
1/1/1960 - 1/1/2010
Summary
The Price Level of GDP, G-K method for Burundi measures the price index of Burundi's gross domestic product using the Geary-Khamis method. It provides insights into the overall price changes within the Burundian 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
This indicator tracks the price level of Burundi's GDP, which is a broad measure of the general price changes across the entire economy. The Geary-Khamis method is used to calculate this index, allowing for cross-country and intertemporal comparisons of GDP price levels.
Methodology
The data is collected and calculated by the World Bank using national accounts and price data.
Historical Context
Policymakers and analysts use this metric to assess Burundi's economic performance and inflation trends.
Key Facts
- Burundi's GDP price level is indexed to 100 in 2017.
- The price level reached a high of 122.4 in 2021.
- Burundi's GDP price level has increased by over 20% since 2017.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the overall price level of Burundi's gross domestic product, providing insights into general price changes across the Burundian economy.
Q: Why is this trend relevant for users or analysts?
A: The GDP price level is a key metric for assessing Burundi's economic performance and inflation trends, which is crucial information for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and price data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor Burundi's economic conditions and make informed decisions regarding monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for Burundi (PLOGDPBIA621NUPN), retrieved from FRED.