Price Level of GDP, G-K method for Jordan
PLOGDPJOA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
73.57
Year-over-Year Change
30.66%
Date Range
1/1/1954 - 1/1/2010
Summary
The Price Level of GDP, G-K method for Jordan measures the overall price level of goods and services produced within the Jordanian economy. This metric is crucial for economists and policymakers to assess the country's economic performance and inflation.
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 aggregate price index that reflects the overall purchasing power of the Jordanian dinar. It is used to adjust nominal GDP figures for price changes, enabling accurate comparisons of economic output over time.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, a multilateral approach to measuring relative price levels across countries.
Historical Context
This metric informs monetary and fiscal policy decisions in Jordan, as well as international comparisons of economic activity.
Key Facts
- The G-K method accounts for differences in relative prices across countries.
- Jordan's price level of GDP has fluctuated between 0.6 and 0.7 since the early 2000s.
- The price level index is normalized to 1 for the United States.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, G-K method for Jordan measures the overall price level of goods and services produced within the Jordanian economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for economists and policymakers to assess Jordan's economic performance and inflation, as it enables accurate comparisons of economic output over time.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, a multilateral approach to measuring relative price levels across countries.
Q: How is this trend used in economic policy?
A: This metric informs monetary and fiscal policy decisions in Jordan, as well as international comparisons of economic activity.
Q: Are there update delays or limitations?
A: The Price Level of GDP, G-K method for Jordan data is published regularly by the U.S. Federal Reserve and may be subject to update delays or revisions.
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Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for Jordan (PLOGDPJOA621NUPN), retrieved from FRED.