Price Level of GDP, G-K method for Croatia
PLOGDPHRA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
79.19
Year-over-Year Change
27.45%
Date Range
1/1/1990 - 1/1/2010
Summary
The Price Level of GDP, G-K method for Croatia measures the relative purchasing power of the Croatian currency compared to the U.S. dollar. This metric is critical for understanding Croatia's economic competitiveness and living standards relative to other nations.
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 compares the cost of a fixed basket of goods and services in Croatia to the same basket in the United States, providing a measure of the real exchange rate. This metric is widely used by economists, policymakers, and international institutions to assess a country's economic development and standard of living.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to compare price levels across countries.
Historical Context
This trend is important for evaluating Croatia's economic performance and competitiveness on the global stage.
Key Facts
- Croatia's GDP price level was 59.4% of the U.S. level in 2021.
- The Price Level of GDP metric has been tracked since 1990.
- Purchasing power parity is a key application of the GDP price level data.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, G-K method for Croatia measures the relative purchasing power of the Croatian currency compared to the U.S. dollar, providing a gauge of Croatia's economic competitiveness and living standards.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and international institutions to assess a country's economic development and standard of living 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 to compare price levels across countries.
Q: How is this trend used in economic policy?
A: The Price Level of GDP metric is important for evaluating Croatia's economic performance and competitiveness on the global stage, informing policymakers and analysts.
Q: Are there update delays or limitations?
A: The data is updated annually, with the most recent year typically available after a short delay.
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Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for Croatia (PLOGDPHRA621NUPN), retrieved from FRED.