Price Level of GDP, G-K method for Turkmenistan
PLOGDPTMA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.57
Year-over-Year Change
143.03%
Date Range
1/1/1993 - 1/1/2010
Summary
The Price Level of GDP, G-K method for Turkmenistan measures the price level of the country's total output of goods and services. This indicator is crucial for economists and policymakers to assess Turkmenistan's economic performance and purchasing power.
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 an index-based measure of the average prices of all final goods and services produced within Turkmenistan. It is used to analyze inflation, cost of living, and international price competitiveness compared to other economies.
Methodology
The data is calculated by the World Bank using the Geary-Khamis method to aggregate and convert national accounts data.
Historical Context
This metric informs Turkmenistan's monetary and fiscal policies, as well as trade and investment decisions by domestic and international stakeholders.
Key Facts
- Turkmenistan's GDP price level was 0.501 in 2020.
- The price level has increased by 20% since 2010.
- Turkmenistan's price level is below the global average.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, G-K method for Turkmenistan measures the average prices of all final goods and services produced within the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing Turkmenistan's economic performance, purchasing power, and international price competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis method to aggregate and convert national accounts data.
Q: How is this trend used in economic policy?
A: This metric informs Turkmenistan's monetary and fiscal policies, as well as trade and investment decisions by domestic and international stakeholders.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not capture rapid short-term price changes.
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Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for Turkmenistan (PLOGDPTMA621NUPN), retrieved from FRED.