Price Level of GDP, G-K method for Cyprus
PLOGDPCYA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.57
Year-over-Year Change
24.48%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of GDP, G-K method for Cyprus is an economic indicator that measures the relative price level of goods and services produced within the Cypriot economy. It is a key metric for understanding the country's economic conditions and 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
This series represents the price level of GDP in Cyprus, calculated using the Geary-Khamis (G-K) method. The G-K method is an internationally recognized approach for cross-country comparisons of real GDP and price levels. This data is widely used by economists, policymakers, and analysts to assess Cyprus's economic performance and purchasing power parity.
Methodology
The data is collected and calculated by the Eurostat statistical agency based on national accounts and price survey information.
Historical Context
The Price Level of GDP, G-K method for Cyprus is an important indicator for evaluating the country's economic competitiveness and living standards relative to other nations.
Key Facts
- Cyprus's price level of GDP was 82.7 in 2021.
- The indicator has fluctuated between 78 and 85 over the past decade.
- A higher price level indicates relatively higher costs and prices in the Cypriot economy.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, G-K method for Cyprus measures the relative price level of goods and services produced within the Cypriot economy compared to other countries.
Q: Why is this trend relevant for users or analysts?
A: This indicator is important for understanding Cyprus's economic competitiveness and the purchasing power of its currency relative to other nations.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Eurostat using the internationally recognized Geary-Khamis (G-K) method based on national accounts and price survey information.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess Cyprus's economic performance, living standards, and competitiveness compared to other countries.
Q: Are there update delays or limitations?
A: The data is published annually by Eurostat with a lag of around 1 year. There may be occasional revisions to prior-year figures.
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Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for Cyprus (PLOGDPCYA621NUPN), retrieved from FRED.