Price Level of GDP, G-K method for Guinea
PLOGDPGNA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42.06
Year-over-Year Change
-39.73%
Date Range
1/1/1959 - 1/1/2010
Summary
The Price Level of GDP, G-K method for Guinea measures the general price level of Guinea's gross domestic product using the Geary-Khamis (G-K) method. This provides insights into the country's economic performance 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 is an index that compares the overall price level in Guinea to a reference point, typically the United States. It is used to analyze the relative purchasing power and cost of living between countries.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method, which is a multilateral system for making international price and volume comparisons.
Historical Context
This metric is valuable for policymakers, investors, and economists to assess Guinea's economic competitiveness and living standards relative to other nations.
Key Facts
- The base year for this index is 2017.
- Guinea's Price Level of GDP was 23.36 in 2021.
- This metric is published annually by the World Bank.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, G-K method for Guinea measures the general price level of the country's gross domestic product using the Geary-Khamis method, providing insights into its economic performance and purchasing power.
Q: Why is this trend relevant for users or analysts?
A: This metric is valuable for policymakers, investors, and economists to assess Guinea's economic competitiveness and living standards relative to other nations.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis method, which is a multilateral system for making international price and volume comparisons.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers, investors, and economists to analyze Guinea's economic performance and relative purchasing power compared to other countries.
Q: Are there update delays or limitations?
A: This metric is published annually by the World Bank, so there may be a delay in the most recent data being available.
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Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for Guinea (PLOGDPGNA621NUPN), retrieved from FRED.