Price Level of GDP, G-K method for Finland
PLOGDPFIA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.75
Year-over-Year Change
15.92%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of GDP, G-K method for Finland measures the price deflator for Finland's gross domestic product. This key indicator helps economists assess the country's overall price changes and 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
The Price Level of GDP, G-K method tracks the price movements of all goods and services that make up Finland's GDP. This index is based on the Geary-Khamis method, a multilateral approach to calculating international price comparisons. It provides insight into Finland's inflationary trends and economic competitiveness.
Methodology
The data is calculated based on national accounts information from Statistics Finland.
Historical Context
Policymakers and analysts use this metric to gauge Finland's macroeconomic conditions and international trade dynamics.
Key Facts
- Finland's GDP deflator reached a high of 130.7 in 2022.
- The index has increased by over 30% since 2015.
- The Geary-Khamis method enables cross-country price comparisons.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, G-K method for Finland measures the overall price changes of goods and services that make up the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides key insights into Finland's inflationary pressures and economic competitiveness, making it relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated based on national accounts information from Statistics Finland.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge Finland's macroeconomic conditions and international trade dynamics.
Q: Are there update delays or limitations?
A: The data may be subject to periodic revisions and updates from the source.
Related Trends
Price Level of Consumption for Afghanistan
PLOCONAFA622NUPN
Price Level of GDP, G-K method for El Salvador
PLOGDPSVA621NUPN
Price Level of Investment for Rwanda
PLOINVRWA624NUPN
Price Level of Investment for Paraguay
PLOINVPYA624NUPN
Price Level of Government Consumption for Puerto Rico
PLOGINPRA623NUPN
Price Level of Investment for Ecuador
PLOINVECA624NUPN
Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for Finland (PLOGDPFIA621NUPN), retrieved from FRED.