Price Level of GDP, G-K method for Bahamas
PLOGDPBSA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80.03
Year-over-Year Change
-0.37%
Date Range
1/1/1970 - 1/1/2010
Summary
The Price Level of GDP, G-K method for Bahamas measures the general price level of goods and services produced in the Bahamas, using the Geary-Khamis (G-K) method of 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 economic indicator tracks changes in the overall price level of GDP for the Bahamas over time, providing insights into the country's inflationary pressures and purchasing power. The G-K method is a widely used approach for international price comparisons.
Methodology
The data is calculated by the U.S. Federal Reserve using national accounts and other official statistics from the Bahamas.
Historical Context
Policymakers and analysts use this metric to assess the Bahamian economy's performance and competitiveness.
Key Facts
- The Bahamas is a major tourist destination in the Caribbean.
- GDP is a key measure of a country's economic output.
- The G-K method adjusts for price differences across countries.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the overall price level of goods and services produced in the Bahamas, using the Geary-Khamis (G-K) method for international price comparisons.
Q: Why is this trend relevant for users or analysts?
A: The Price Level of GDP for the Bahamas provides insights into the country's inflationary pressures and purchasing power, which are important for assessing its economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using national accounts and other official statistics from the Bahamas.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the Bahamian economy's performance and competitiveness relative to other countries.
Q: Are there update delays or limitations?
A: The data may be subject to periodic revisions and updates by the U.S. Federal Reserve and Bahamian statistical agencies.
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Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for Bahamas (PLOGDPBSA621NUPN), retrieved from FRED.