Price Level of GDP, G-K method for St. Kitts and Nevis
PLOGDPKNA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.67
Year-over-Year Change
19.95%
Date Range
1/1/1970 - 1/1/2010
Summary
The Price Level of GDP, G-K method for St. Kitts and Nevis measures the overall price changes in the country's gross domestic product. This metric is crucial for analyzing the nation's economic performance and inflation trends.
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 the average price changes of all goods and services produced within St. Kitts and Nevis. It is a key indicator used by policymakers and economists to assess the purchasing power of the country's currency and inform decisions about monetary and fiscal policies.
Methodology
The data is calculated based on the Geary-Khamis method, which compares prices across countries to derive a common set of international prices.
Historical Context
This trend is widely referenced by international institutions and investors to gauge the economic climate in St. Kitts and Nevis.
Key Facts
- The base year for this index is 2017.
- St. Kitts and Nevis is a small island country in the Caribbean.
- The GDP of St. Kitts and Nevis was approximately $1 billion in 2021.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, G-K method for St. Kitts and Nevis measures the overall changes in prices of goods and services produced within the country's economy.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding the purchasing power of the St. Kitts and Nevis currency and informing economic policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated based on the Geary-Khamis method, which compares prices across countries to derive a common set of international prices.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the country's economic performance and inflation, which informs decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of information provided by the relevant statistical agencies.
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Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for St. Kitts and Nevis (PLOGDPKNA621NUPN), retrieved from FRED.