Price Level of GDP, G-K method for Switzerland
PLOGDPCHA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
152.64
Year-over-Year Change
19.43%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of GDP, G-K method for Switzerland, measures the overall price level of goods and services produced within the Swiss economy, adjusted for changes in purchasing power.
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 trend provides insight into the real value of economic output in Switzerland by accounting for inflation. It is a key indicator used by economists and policymakers to assess the health and competitiveness of the Swiss economy.
Methodology
The data is calculated by the OECD using the Geary-Khamis method to derive a purchasing power parity-adjusted price index.
Historical Context
Policymakers and analysts use this indicator to inform macroeconomic decisions and monitor Switzerland's economic performance relative to trading partners.
Key Facts
- Switzerland's price level of GDP was 98.26 in 2021.
- The price level has remained relatively stable over the past decade.
- Switzerland has one of the highest price levels among advanced economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the overall price level of goods and services produced within the Swiss economy, adjusted for differences in purchasing power.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into the real value of economic output in Switzerland and is used by economists and policymakers to assess the country's economic health and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using the Geary-Khamis method to derive a purchasing power parity-adjusted price index.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to inform macroeconomic decisions and monitor Switzerland's economic performance relative to its trading partners.
Q: Are there update delays or limitations?
A: The data is published regularly by the OECD, but there may be some delays in availability.
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Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for Switzerland (PLOGDPCHA621NUPN), retrieved from FRED.