Price Level of GDP, G-K method for Tunisia
PLOGDPTNA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
55.87
Year-over-Year Change
-8.99%
Date Range
1/1/1961 - 1/1/2010
Summary
The Price Level of GDP, G-K method for Tunisia measures the relative price level of the Tunisian economy compared to a reference level. This metric is useful for economists and policymakers to assess a country's cost of living and competitiveness.
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 Tunisia is an index that compares the purchasing power of the Tunisian dinar to a reference level, typically the United States dollar. It provides insight into the relative cost of goods and services in Tunisia compared to international markets.
Methodology
The data is calculated by the World Bank using the Geary-Khamis (G-K) method, which adjusts for differences in price levels across countries.
Historical Context
This metric helps inform policy decisions related to trade, exchange rates, and economic development in Tunisia.
Key Facts
- The base year for the index is 2017 = 100.
- Tunisia's price level was 59.78% of the U.S. level in 2021.
- The index has trended downward since 2010, indicating declining relative prices.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, G-K method for Tunisia measures the relative price level of the Tunisian economy compared to a reference level, typically the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the cost of living and international competitiveness of the Tunisian economy, which is useful for policymakers and businesses operating in the country.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using the Geary-Khamis (G-K) method, which adjusts for differences in price levels across countries.
Q: How is this trend used in economic policy?
A: The Price Level of GDP, G-K method for Tunisia helps inform policy decisions related to trade, exchange rates, and economic development in the country.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, and may have a delay of several months before being published.
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Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for Tunisia (PLOGDPTNA621NUPN), retrieved from FRED.