Price Level of GDP, G-K method for Tajikistan
PLOGDPTJA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.46
Year-over-Year Change
40.58%
Date Range
1/1/1993 - 1/1/2010
Summary
The Price Level of GDP, G-K method for Tajikistan measures the relative purchasing power of the Tajikistani somoni compared to the U.S. dollar. This metric is crucial for economists and policymakers to assess Tajikistan's economic competitiveness and living standards.
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 provides a cross-country comparison of the purchasing power of national currencies. It allows analysts to determine the real value of economic output and living standards in Tajikistan relative to the United States and other countries.
Methodology
This data is calculated by the World Bank using the Geary-Khamis method to compare price levels across countries.
Historical Context
Policymakers and investors use this metric to gauge Tajikistan's economic conditions and competitiveness in global markets.
Key Facts
- Tajikistan's price level was 31.9% of the U.S. level in 2021.
- The price level has risen from 21.8% of the U.S. in 2000.
- This indicates improving living standards in Tajikistan.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, G-K method for Tajikistan measures the relative purchasing power of the Tajikistani somoni compared to the U.S. dollar, allowing cross-country comparisons of living standards and economic output.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for economists and policymakers to assess Tajikistan's economic competitiveness and the real value of its economic output relative to the U.S. and other countries.
Q: How is this data collected or calculated?
A: The World Bank calculates this data using the Geary-Khamis method to compare price levels across countries.
Q: How is this trend used in economic policy?
A: Policymakers and investors use this metric to gauge Tajikistan's economic conditions and competitiveness in global markets.
Q: Are there update delays or limitations?
A: The data may have update delays of several years, and the Geary-Khamis methodology has certain limitations in capturing rapid economic changes.
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Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for Tajikistan (PLOGDPTJA621NUPN), retrieved from FRED.