Price Level of GDP, G-K method for Mozambique
PLOGDPMZA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49.28
Year-over-Year Change
-28.47%
Date Range
1/1/1960 - 1/1/2010
Summary
The Price Level of GDP, G-K method for Mozambique measures the relative purchasing power of the Mozambican economy's total output. It is a key indicator for economists analyzing Mozambique's economic development 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 metric represents the price level of Mozambique's total gross domestic product (GDP) using the Geary-Khamis (G-K) method, a widely-used international standard for comparing real economic output across countries. It provides insights into Mozambique's cost of living and international trade position.
Methodology
The data is calculated by the U.S. Federal Reserve based on GDP and price information from Mozambican government and international sources.
Historical Context
Policymakers and analysts monitor this trend to assess Mozambique's macroeconomic performance and purchasing power parity.
Key Facts
- Mozambique's GDP price level was 0.291 in 2021.
- The G-K method adjusts for differences in national price levels.
- This indicator is useful for cross-country economic analyses.
FAQs
Q: What does this economic trend measure?
A: This metric represents the price level of Mozambique's total gross domestic product (GDP) using the Geary-Khamis (G-K) method, a widely-used international standard for comparing real economic output across countries.
Q: Why is this trend relevant for users or analysts?
A: The Price Level of GDP, G-K method for Mozambique provides insights into the country's cost of living and international trade position, which are key factors for economists analyzing Mozambique's economic development and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on GDP and price information from Mozambican government and international sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess Mozambique's macroeconomic performance and purchasing power parity, which informs decisions about trade, investment, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is subject to the typical publication delays of international economic statistics, with a lag of several months between the reference period and public release.
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Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for Mozambique (PLOGDPMZA621NUPN), retrieved from FRED.