Price Level of GDP, G-K method for Bhutan
PLOGDPBTA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45.32
Year-over-Year Change
33.82%
Date Range
1/1/1970 - 1/1/2010
Summary
The Price Level of GDP, G-K method for Bhutan measures the relative price level between Bhutan and a reference country or region, typically the United States. It is an important economic indicator for analyzing Bhutan's competitiveness and cost of living.
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 series represents the price level of GDP in Bhutan using the Geary-Khamis (G-K) method, which compares price levels across countries. It is used to assess Bhutan's purchasing power and cost of living relative to other economies.
Methodology
The data is calculated based on GDP and exchange rate information reported by the World Bank.
Historical Context
Policymakers and analysts use this metric to evaluate Bhutan's economic performance and competitiveness.
Key Facts
- Bhutan's price level was 42.3% of the U.S. level in 2020.
- The metric compares purchasing power across countries.
- It is used to assess Bhutan's economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, G-K method for Bhutan measures the relative price level between Bhutan and a reference country, typically the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is used to assess Bhutan's purchasing power and cost of living relative to other economies, which is important for evaluating the country's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated based on GDP and exchange rate information reported by the World Bank.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Bhutan's economic performance and competitiveness, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and availability of underlying GDP and exchange rate information from the World Bank.
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Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for Bhutan (PLOGDPBTA621NUPN), retrieved from FRED.