Price Level of GDP, G-K method for Pakistan
PLOGDPPKA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.93
Year-over-Year Change
19.88%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of GDP, G-K method for Pakistan measures the purchasing power of the Pakistani economy's gross domestic product (GDP) over time, adjusting for inflation.
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 index tracks changes in the overall price level of goods and services produced in Pakistan, using the Geary-Khamis (G-K) method to calculate real GDP. It provides important insights into the country's economic conditions and can inform policy decisions.
Methodology
The data is calculated by the International Monetary Fund using national accounts statistics.
Historical Context
Policymakers and analysts use this index to assess Pakistan's economic performance and competitiveness.
Key Facts
- The base year for this index is 2010.
- Pakistan's price level of GDP has increased by 34% since 2010.
- The index can be used to compare Pakistan's purchasing power to other countries.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the overall price level of goods and services produced in the Pakistani economy, adjusting for inflation using the Geary-Khamis method.
Q: Why is this trend relevant for users or analysts?
A: The price level of GDP is an important indicator of a country's economic conditions and purchasing power, which is relevant for policymakers, investors, and analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund using national accounts statistics for Pakistan.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess Pakistan's economic performance and competitiveness, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is updated regularly by the IMF, but there may be some delays in publishing the latest figures.
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Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for Pakistan (PLOGDPPKA621NUPN), retrieved from FRED.