Price Level of GDP, G-K method for Portugal
PLOGDPPTA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94.27
Year-over-Year Change
22.93%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of GDP, G-K method for Portugal measures the relative price level of Portugal's gross domestic product compared to other countries using the Geary-Khamis (G-K) method. This provides important insights into Portugal's economic competitiveness and cost of living.
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 Portugal is an index that compares the price level of Portugal's GDP to the price level of a reference group of countries, typically the OECD. The G-K method uses purchasing power parity to adjust for differences in national price levels, allowing for cross-country comparisons of real economic activity.
Methodology
The data is calculated by the OECD using price and expenditure data to derive purchasing power parities.
Historical Context
This indicator is used by economists and policymakers to analyze Portugal's economic performance and competitiveness relative to trade partners.
Key Facts
- Portugal's GDP price level was 83.3% of the OECD average in 2021.
- The price level index has remained relatively stable over the past decade.
- A lower price level index indicates Portugal has a lower cost of living compared to other OECD countries.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, G-K method for Portugal measures the relative price level of Portugal's gross domestic product compared to other countries using the Geary-Khamis (G-K) method.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into Portugal's economic competitiveness and cost of living relative to trade partners, which is useful for economists and policymakers analyzing the country's economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using price and expenditure data to derive purchasing power parities.
Q: How is this trend used in economic policy?
A: This indicator is used by economists and policymakers to analyze Portugal's economic performance and competitiveness relative to trade partners, which can inform economic policies and trade negotiations.
Q: Are there update delays or limitations?
A: The data is updated regularly by the OECD, but there may be some delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for Portugal (PLOGDPPTA621NUPN), retrieved from FRED.