Price Level of GDP, G-K method for Malawi
PLOGDPMWA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42.46
Year-over-Year Change
-16.85%
Date Range
1/1/1954 - 1/1/2010
Summary
The Price Level of GDP, G-K method for Malawi measures the general price level of Malawi's gross domestic product using the Geary-Khamis method. This metric is crucial for economists and policymakers to assess Malawi's economic performance and 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 Malawi is an index that represents the overall price level of goods and services produced within Malawi's economy. The Geary-Khamis method is used to calculate this index, which allows for international comparisons of GDP and price levels.
Methodology
The data is calculated by the U.S. Federal Reserve using national accounts data from Malawi.
Historical Context
This economic trend is used by analysts, institutions, and policymakers to evaluate Malawi's macroeconomic conditions and competitiveness.
Key Facts
- Malawi's GDP price level was 0.31 in 2021.
- The index uses 2017 as the base year.
- Malawi's price level is low compared to other sub-Saharan African countries.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, G-K method for Malawi measures the overall price level of goods and services produced within Malawi's economy using the Geary-Khamis method.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for evaluating Malawi's economic performance and purchasing power, as well as for making international comparisons of GDP and price levels.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using national accounts data from Malawi.
Q: How is this trend used in economic policy?
A: This economic trend is used by analysts, institutions, and policymakers to evaluate Malawi's macroeconomic conditions and competitiveness.
Q: Are there update delays or limitations?
A: There may be delays in data updates and the index may not fully capture all price dynamics in Malawi's economy.
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Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for Malawi (PLOGDPMWA621NUPN), retrieved from FRED.