Price Level of GDP, G-K method for Algeria
PLOGDPDZA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
63.77
Year-over-Year Change
23.07%
Date Range
1/1/1960 - 1/1/2010
Summary
The Price Level of GDP, G-K method for Algeria measures the overall price level of goods and services produced within the Algerian economy. This metric is crucial for economists and policymakers to assess the country's economic conditions and inflation.
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 is an index that reflects the overall price level of goods and services in Algeria. It is calculated using the Geary-Khamis (G-K) method, which compares national price levels across countries. This data point provides important context for analyzing Algeria's economic performance and development.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using national accounts data.
Historical Context
This economic trend is widely used by analysts, institutions, and policymakers to monitor Algeria's economic conditions and guide policy decisions.
Key Facts
- The Price Level of GDP index has a base year of 2017.
- Algeria's Price Level of GDP index was 49.36 in 2021.
- The G-K method allows for cross-country price level comparisons.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, G-K method for Algeria measures the overall price level of goods and services produced within the Algerian economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for economists and policymakers to assess Algeria's economic conditions and inflation, providing important context for analyzing the country's economic performance and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve using national accounts data.
Q: How is this trend used in economic policy?
A: This economic trend is widely used by analysts, institutions, and policymakers to monitor Algeria's economic conditions and guide policy decisions.
Q: Are there update delays or limitations?
A: The data is updated regularly by the U.S. Federal Reserve, but there may be some delays in reporting.
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Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for Algeria (PLOGDPDZA621NUPN), retrieved from FRED.