Price Level of GDP, G-K method for Thailand
PLOGDPTHA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52.23
Year-over-Year Change
36.99%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of GDP, G-K method for Thailand measures the overall price level of the Thai economy using the Geary-Khamis method. This provides important insights into Thai economic conditions and can inform policy decisions.
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 Thailand is an index that tracks the overall level of prices in the Thai economy. It uses the Geary-Khamis method to compare price levels across countries, which is useful for analyzing Thailand's economic performance relative to other nations.
Methodology
The data is calculated by the U.S. Federal Reserve using Thailand's national accounts data.
Historical Context
This trend is closely monitored by economists, policymakers, and international institutions to assess Thailand's economic competitiveness and cost of living.
Key Facts
- Thailand's price level has risen steadily over the past decade.
- The Geary-Khamis method adjusts for differences in purchasing power across countries.
- Monitoring the price level is crucial for Thai economic and trade policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, G-K method for Thailand measures the overall price level in the Thai economy using the Geary-Khamis international price comparison approach.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into Thailand's economic competitiveness and cost of living, which are crucial factors for policymakers, investors, and businesses.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using Thailand's national accounts information.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor the Price Level of GDP for Thailand to assess the country's economic performance and make informed decisions about trade, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve with some lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for Thailand (PLOGDPTHA621NUPN), retrieved from FRED.