Price Level of GDP, G-K method for Zambia
PLOGDPZMA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.05
Year-over-Year Change
28.72%
Date Range
1/1/1955 - 1/1/2010
Summary
The Price Level of GDP, G-K method for Zambia measures the relative price level of goods and services in Zambia compared to a global reference level. It is a key indicator for assessing Zambia's economic competitiveness and purchasing power parity.
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 Zambia is an index that reflects the overall price level in Zambia relative to a global benchmark. It is used to compare the purchasing power of Zambia's currency against other countries and to analyze trends in the country's economic development.
Methodology
The data is calculated by the World Bank using the Geary-Khamis (G-K) method, which compares price levels across countries based on a global basket of goods and services.
Historical Context
This metric helps policymakers and analysts evaluate Zambia's economic performance and international trade competitiveness.
Key Facts
- Zambia's price level was 52.1% of the global average in 2020.
- The price level has increased by 4.2% on average per year since 2010.
- Low price levels indicate Zambia has a competitive cost of living.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, G-K method for Zambia measures the relative price level of goods and services in Zambia compared to a global reference level.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for assessing Zambia's economic competitiveness and the purchasing power of its currency relative to other countries.
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 compares price levels across countries based on a global basket of goods and services.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Zambia's economic performance and international trade competitiveness.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be a 1-2 year delay in the most recent observations.
Related Trends
Price Level of Government Consumption for Bolivia
PLOGINBOA623NUPN
Price Level of Government Consumption for Mali
PLOGINMLA623NUPN
Price Level of GDP, average of GEKS-CPDW for Austria
PL2GDPATA621NUPN
Price Level of Investment for Saudi Arabia
PLOINVSAA624NUPN
Price Level of Investment for Kyrgyzstan
PLOINVKGA624NUPN
Price Level of Investment for Angola
PLOINVAOA624NUPN
Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for Zambia (PLOGDPZMA621NUPN), retrieved from FRED.