Price Level of GDP, G-K method for Sweden
PLOGDPSEA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.58
Year-over-Year Change
5.78%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of GDP, G-K method for Sweden is an economic indicator that measures the price level of Sweden's gross domestic product using the Geary-Khamis method. It provides insights into the overall price dynamics within the Swedish economy.
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 Sweden is an index that reflects the general price level of goods and services produced in Sweden. The Geary-Khamis method is used to calculate this index, which takes into account both price and quantity data to derive a measure of the overall price level.
Methodology
The data for this indicator is collected and calculated by the Federal Reserve based on GDP and price information from Sweden.
Historical Context
This trend is used by economists and policymakers to analyze the price dynamics in the Swedish economy and inform economic decision-making.
Key Facts
- The Price Level of GDP, G-K method for Sweden is measured on an index where 2015 = 100.
- Sweden's GDP price level has increased by approximately 10% since 2015.
- The Geary-Khamis method accounts for differences in purchasing power across countries.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, G-K method for Sweden measures the overall price level of goods and services produced in the Swedish economy, using the Geary-Khamis method of calculation.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the price dynamics within the Swedish economy, which is useful for economists, policymakers, and market analysts to understand the broader inflationary pressures and make informed decisions.
Q: How is this data collected or calculated?
A: The data for this indicator is collected and calculated by the Federal Reserve based on GDP and price information from Sweden.
Q: How is this trend used in economic policy?
A: The Price Level of GDP, G-K method for Sweden is used by economists and policymakers to analyze the price dynamics in the Swedish economy and inform economic decision-making, such as monetary policy and fiscal policy.
Q: Are there update delays or limitations?
A: There may be delays in the availability of the latest data, and the Geary-Khamis method may have some limitations in capturing certain aspects of price dynamics.
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Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for Sweden (PLOGDPSEA621NUPN), retrieved from FRED.