Price Level of GDP, G-K method for Qatar
PLOGDPQAA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.07
Year-over-Year Change
37.79%
Date Range
1/1/1986 - 1/1/2010
Summary
The Price Level of GDP, G-K method for Qatar measures the relative purchasing power of the Qatari riyal compared to the U.S. dollar. It is a key economic indicator for understanding Qatar's cost of living and international 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
The Price Level of GDP, G-K method for Qatar is an exchange rate-based price index that compares the cost of the same basket of goods and services in Qatar versus the United States. It provides insight into the relative purchasing power of the Qatari currency and can be used to assess the country's international trade and investment dynamics.
Methodology
The data is calculated by the World Bank using the Geary-Khamis (G-K) method to compare price levels across countries.
Historical Context
This metric is widely referenced by economists, policymakers, and international institutions to evaluate Qatar's economic performance and competitiveness.
Key Facts
- Qatar's price level was 107.6% of the U.S. level in 2020.
- The index has risen from 92.4 in 2010 to 107.6 in 2020.
- Higher values indicate Qatar's goods and services are more expensive relative to the U.S.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, G-K method for Qatar measures the relative purchasing power of the Qatari riyal compared to the U.S. dollar. It provides a gauge of Qatar's cost of living and international competitiveness.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and institutions to evaluate Qatar's economic performance and competitiveness in international trade and investment.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis (G-K) method to compare price levels across countries.
Q: How is this trend used in economic policy?
A: This index provides insights into Qatar's cost of living and international competitiveness, which are relevant for economic policymaking, trade negotiations, and investment decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be a delay in reflecting the most recent economic conditions in Qatar.
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Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for Qatar (PLOGDPQAA621NUPN), retrieved from FRED.