Price Level of GDP, G-K method for Equatorial Guinea
PLOGDPGQA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
167.74
Year-over-Year Change
125.49%
Date Range
1/1/1960 - 1/1/2010
Summary
The Price Level of GDP, G-K method for Equatorial Guinea measures the price index for the country's gross domestic product using the Geary-Khamis method. This metric is important for economists and policymakers analyzing inflation and international comparisons of economic output.
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 for Equatorial Guinea represents the price level of the country's GDP, calculated using the Geary-Khamis method. This index allows for comparisons of real GDP across countries by accounting for differences in price levels and purchasing power.
Methodology
The data is calculated by the U.S. Federal Reserve using established Geary-Khamis methods.
Historical Context
This metric is used by economists, policymakers, and international organizations to assess economic performance and make cross-country comparisons.
Key Facts
- The index is based on 2017 as the reference year.
- Equatorial Guinea's 2021 price level was 75.7 (2017=100).
- The Geary-Khamis method adjusts for international price differences.
FAQs
Q: What does this economic trend measure?
A: This metric measures the price level of Equatorial Guinea's gross domestic product using the Geary-Khamis method, which accounts for differences in international price levels.
Q: Why is this trend relevant for users or analysts?
A: This index allows for more accurate comparisons of real economic output across countries by adjusting for differences in purchasing power and price levels.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using established Geary-Khamis methods.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and international organizations use this metric to assess economic performance and make cross-country comparisons.
Q: Are there update delays or limitations?
A: The data is updated periodically by the U.S. Federal Reserve with a potential for delays in availability.
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Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for Equatorial Guinea (PLOGDPGQA621NUPN), retrieved from FRED.