Price Level of GDP, G-K method for St. Lucia
PLOGDPLCA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59.94
Year-over-Year Change
27.94%
Date Range
1/1/1970 - 1/1/2010
Summary
The Price Level of GDP, G-K method for St. Lucia is an economic indicator that measures the overall price level of goods and services produced within St. Lucia's economy. This metric is used by economists to assess the country's inflationary pressures and overall purchasing power.
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 for St. Lucia is an index that tracks changes in the average price of all final goods and services that make up the country's gross domestic product. It utilizes the Geary-Khamis (G-K) method to calculate real GDP, which accounts for differences in national price levels.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on GDP and price information from St. Lucia.
Historical Context
This economic trend is closely monitored by policymakers, investors, and analysts to gauge St. Lucia's economic performance and guide policy decisions.
Key Facts
- The base year for this index is 2017.
- St. Lucia is a small island nation in the Caribbean Sea.
- The G-K method adjusts for differences in national price levels.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, G-K method for St. Lucia measures the overall price level of goods and services produced within the country's economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by economists and policymakers to assess inflationary pressures and purchasing power in St. Lucia's economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on GDP and price information from St. Lucia.
Q: How is this trend used in economic policy?
A: This economic trend is closely monitored by policymakers, investors, and analysts to gauge St. Lucia's economic performance and guide policy decisions.
Q: Are there update delays or limitations?
A: There may be occasional delays in data updates or limitations in the availability of source information from St. Lucia.
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Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for St. Lucia (PLOGDPLCA621NUPN), retrieved from FRED.