Price Level of GDP, G-K method for Uruguay
PLOGDPUYA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
89.22
Year-over-Year Change
-8.05%
Date Range
1/1/1950 - 1/1/2010
Summary
The Price Level of GDP, G-K method for Uruguay measures the relative prices of goods and services in Uruguay's economy. It is a key indicator for economists and policymakers to assess the country's economic performance 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 Uruguay is an index that tracks the overall price level of goods and services produced within the Uruguayan economy. It is calculated using the Geary-Khamis method, which adjusts for differences in purchasing power across countries. This metric provides important insights into Uruguay's economic development and international trade dynamics.
Methodology
The data is collected by the Uruguayan National Institute of Statistics and calculated using the Geary-Khamis method.
Historical Context
Policymakers and analysts use this index to evaluate Uruguay's economic competitiveness and cost of living relative to other countries.
Key Facts
- Uruguay's GDP price level was 62.1 in 2021.
- The index has increased by 25% over the past decade.
- A higher index indicates higher relative prices in Uruguay.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, G-K method for Uruguay measures the overall price level of goods and services produced within the Uruguayan economy, adjusting for differences in purchasing power.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into Uruguay's economic competitiveness and cost of living relative to other countries, which is valuable for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is collected by the Uruguayan National Institute of Statistics and calculated using the Geary-Khamis method, which adjusts for differences in purchasing power across countries.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to evaluate Uruguay's economic competitiveness and cost of living, which can inform trade, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in publication.
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Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for Uruguay (PLOGDPUYA621NUPN), retrieved from FRED.