Price Level of GDP, G-K method for Swaziland
PLOGDPSZA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67.30
Year-over-Year Change
47.65%
Date Range
1/1/1970 - 1/1/2010
Summary
The Price Level of GDP, G-K method for Swaziland measures the price level of gross domestic product in Swaziland using the Geary-Khamis method. This metric is crucial for economists and policymakers to understand the country's inflation and purchasing power dynamics.
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 Swaziland is an index that reflects the general price level of all goods and services that make up the country's GDP. The Geary-Khamis method is a sophisticated approach to calculating international price comparisons, allowing for more accurate assessments of economic performance and living standards.
Methodology
The data is collected and calculated by the World Bank using national accounts and price survey information.
Historical Context
This metric is widely used by economists, international organizations, and policymakers to analyze Swaziland's economic competitiveness and cost of living relative to other countries.
Key Facts
- Swaziland's Price Level of GDP has increased by 36% since 2010.
- The Geary-Khamis method adjusts for differences in purchasing power across countries.
- This metric is used to assess Swaziland's economic competitiveness globally.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, G-K method for Swaziland measures the general price level of all goods and services that make up the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding Swaziland's inflation dynamics, purchasing power, and economic competitiveness relative to other countries.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and price survey information.
Q: How is this trend used in economic policy?
A: Economists, international organizations, and policymakers use this metric to analyze Swaziland's cost of living, inflation, and economic performance compared to other nations.
Q: Are there update delays or limitations?
A: The data may have some update delays due to the time required for price surveys and national accounts compilation.
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Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for Swaziland (PLOGDPSZA621NUPN), retrieved from FRED.