Price Level of GDP, G-K method for Costa Rica
PLOGDPCRA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61.21
Year-over-Year Change
28.98%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of GDP, G-K method for Costa Rica measures the overall price level of the Costa Rican economy using the Geary-Khamis (G-K) method. This metric is important for economists and policymakers to understand domestic price trends and international competitiveness.
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
The Price Level of GDP, G-K method provides an index-based measure of the overall price level in Costa Rica's economy. The G-K method is a type of international price comparison that allows for analysis of relative price levels across countries.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts and price information.
Historical Context
This metric is used by economists, investors, and policymakers to evaluate Costa Rica's economic performance and competitiveness.
Key Facts
- Costa Rica's price level index was 49.4 in 2021.
- Prices in Costa Rica are about half the level of the United States.
- The G-K method allows for more accurate international comparisons.
FAQs
Q: What does this economic trend measure?
A: This metric measures the overall price level in the Costa Rican economy using the Geary-Khamis (G-K) method, which allows for international price comparisons.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding Costa Rica's domestic price levels and international competitiveness, which are key factors for economists, investors, and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts and price information.
Q: How is this trend used in economic policy?
A: This metric is used by economists, investors, and policymakers to evaluate Costa Rica's economic performance and competitiveness relative to other countries.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, but there may be some delays in data availability.
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Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for Costa Rica (PLOGDPCRA621NUPN), retrieved from FRED.