Price Level of GDP, G-K method for Indonesia
PLOGDPIDA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67.36
Year-over-Year Change
228.60%
Date Range
1/1/1960 - 1/1/2010
Summary
The Price Level of GDP, G-K method for Indonesia measures the overall price level of goods and services produced within the Indonesian economy. This metric is crucial for economists and policymakers to assess inflationary pressures and real economic growth.
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 provides an index that tracks changes in the overall price level of final goods and services in Indonesia. This enables more accurate measurement of real GDP growth by adjusting for price inflation, which is essential for evaluating the country's economic performance and formulating effective monetary and fiscal policies.
Methodology
The data is calculated by the World Bank using the Geary-Khamis (G-K) method to aggregate price levels across different product categories.
Historical Context
This metric is widely used by economists, financial analysts, and policymakers to monitor Indonesia's macroeconomic conditions and make informed decisions.
Key Facts
- The base year for the index is 2010 = 100.
- Indonesia's GDP price level has increased by over 50% since 2010.
- The G-K method accounts for differences in purchasing power across countries.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, G-K method for Indonesia measures the overall price level of goods and services produced within the Indonesian economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for economists and policymakers to assess inflationary pressures and real economic growth in Indonesia.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis (G-K) method to aggregate price levels across different product categories.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, financial analysts, and policymakers to monitor Indonesia's macroeconomic conditions and make informed decisions.
Q: Are there update delays or limitations?
A: The data is updated regularly by the World Bank, but there may be some delays in publication.
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Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for Indonesia (PLOGDPIDA621NUPN), retrieved from FRED.