Price Level of GDP, G-K method for Lesotho
PLOGDPLSA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64.61
Year-over-Year Change
27.17%
Date Range
1/1/1960 - 1/1/2010
Summary
The Price Level of GDP, G-K method for Lesotho measures the relative price level of the country's gross domestic product using the Geary-Khamis (G-K) method. This trend is a key indicator for economists and policymakers assessing Lesotho's economic performance 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
The Price Level of GDP, G-K method for Lesotho represents the ratio of GDP at purchasing power parity (PPP) to GDP in current local currency. It provides a standardized measure of price levels across countries, allowing for international economic comparisons.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to convert local currency GDP to a common currency and adjust for price level differences.
Historical Context
This trend is used by economists, policymakers, and international institutions to evaluate Lesotho's economic standing and competitiveness in the global market.
Key Facts
- Lesotho's GDP price level was 36.16 in 2021.
- The price level has increased by 8.3% over the past decade.
- Lesotho's price level is well below the global average.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, G-K method for Lesotho measures the relative price level of the country's gross domestic product using the Geary-Khamis (G-K) method, providing a standardized measure of price levels across countries.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator for economists and policymakers assessing Lesotho's economic performance and competitiveness, allowing for international comparisons of price levels.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis method to convert local currency GDP to a common currency and adjust for price level differences.
Q: How is this trend used in economic policy?
A: This trend is used by economists, policymakers, and international institutions to evaluate Lesotho's economic standing and competitiveness in the global market.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, with a delay of approximately one year.
Related Trends
Price Level of Investment for Liberia
PLOINVLRA624NUPN
Price Level of Investment for Nigeria
PLOINVNGA624NUPN
Price Level of GDP, average of GEKS-CPDW for Liberia
PL2GDPLRA621NUPN
Price Level of Consumption for Romania
PLOCONROA622NUPN
Price Level of Investment for Guyana
PLOINVGYA624NUPN
Price Level of GDP, G-K method for Sweden
PLOGDPSEA621NUPN
Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for Lesotho (PLOGDPLSA621NUPN), retrieved from FRED.