Price Level of GDP, G-K method for Samoa
PLOGDPWSA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43.63
Year-over-Year Change
40.38%
Date Range
1/1/1970 - 1/1/2010
Summary
The Price Level of GDP, G-K method for Samoa measures the overall price level of goods and services produced within Samoa's economy. This metric is useful for economists and policymakers to assess Samoa'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 for Samoa is an index that represents the relative price level in Samoa compared to a base year. It is calculated using the Geary-Khamis method, a multilateral approach to international price comparisons. This data helps provide a comprehensive view of Samoa's economic landscape.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using established national accounting principles.
Historical Context
This metric is commonly used by economists, investors, and policymakers to evaluate Samoa's economic conditions and competitiveness.
Key Facts
- The base year for the Price Level of GDP index is 2017.
- Samoa's Price Level of GDP was 36.58 in 2021.
- The index has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, G-K method for Samoa measures the overall price level of goods and services produced within Samoa's economy compared to a base year.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for economists and policymakers to assess Samoa's economic performance and purchasing power relative to other countries.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve using established national accounting principles and the Geary-Khamis method.
Q: How is this trend used in economic policy?
A: This metric is commonly used by economists, investors, and policymakers to evaluate Samoa's economic conditions and competitiveness.
Q: Are there update delays or limitations?
A: The data is published with a short delay, 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 Samoa (PLOGDPWSA621NUPN), retrieved from FRED.