Price Level of GDP, G-K method for Laos
PLOGDPLAA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.28
Year-over-Year Change
45.74%
Date Range
1/1/1970 - 1/1/2010
Summary
The Price Level of GDP, G-K method for Laos measures the relative purchasing power of the Lao currency compared to a base year. It is a key economic indicator for understanding the country's inflation dynamics and competitiveness.
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
This index tracks changes in the general price level of all final goods and services produced within Laos, using the Geary-Khamis (G-K) method to calculate international price comparisons. It provides important context for interpreting Laos' economic growth and development.
Methodology
The data is calculated by the World Bank using national accounts information and purchasing power parity (PPP) exchange rates.
Historical Context
Policymakers and analysts use this index to assess Laos' macroeconomic conditions and international trade position.
Key Facts
- Laos is a developing Southeast Asian economy.
- This index has a base year of 2017 = 100.
- The G-K method adjusts 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 Laos measures the general price level of all final goods and services produced within Laos, using international price comparisons.
Q: Why is this trend relevant for users or analysts?
A: This index provides important context for understanding Laos' economic growth, inflation, and international competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts information and purchasing power parity (PPP) exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess Laos' macroeconomic conditions and international trade position.
Q: Are there update delays or limitations?
A: There may be delays in data availability due to the time required for national accounts and PPP calculations.
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Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for Laos (PLOGDPLAA621NUPN), retrieved from FRED.