Price Level of GDP, G-K method for Mauritania
PLOGDPMRA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
46.21
Year-over-Year Change
-11.34%
Date Range
1/1/1960 - 1/1/2010
Summary
The Price Level of GDP, G-K method for Mauritania measures the overall price level in Mauritania's economy. This metric is crucial for economists and policymakers to understand inflationary pressures and make informed decisions.
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 Mauritania represents the price level of all final goods and services produced within Mauritania, using the Geary-Khamis (G-K) method for international price comparisons. This index is a key indicator for assessing the purchasing power and standard of living in the Mauritanian economy.
Methodology
The data is calculated by the U.S. Federal Reserve using a multilateral method that compares prices across countries.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to evaluate Mauritania's economic performance and competitiveness.
Key Facts
- Mauritania's price level index was 66.31 in 2020.
- The price level in Mauritania is lower than the global average.
- This metric is important for comparing living standards across countries.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, G-K method for Mauritania measures the overall price level of all final goods and services produced within the Mauritanian economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding Mauritania's inflationary pressures, purchasing power, and economic competitiveness compared to other countries.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using the Geary-Khamis (G-K) method, a multilateral technique for international price comparisons.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and market analysts use this trend to evaluate Mauritania's economic performance and make informed decisions about trade, investment, and development policies.
Q: Are there update delays or limitations?
A: There may be delays in data availability, and the G-K method has some limitations in capturing price variations across regions within Mauritania.
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Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for Mauritania (PLOGDPMRA621NUPN), retrieved from FRED.