Price Level of GDP, G-K method for Zimbabwe
PLOGDPZWA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
167.49
Year-over-Year Change
-24.37%
Date Range
1/1/1954 - 1/1/2010
Summary
The Price Level of GDP, G-K method for Zimbabwe measures the general price level of goods and services in the country's economy. This metric is important for economists and policymakers to assess inflation and the purchasing power of the local currency.
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 of prices used to convert nominal GDP into real GDP, adjusting for inflation. This allows for more accurate comparisons of economic growth over time and between countries.
Methodology
The data is calculated by the United States Federal Reserve using the Geary-Khamis (G-K) method to determine the relative prices of goods and services.
Historical Context
This metric is used by economists, central banks, and international organizations to monitor economic conditions and inform policy decisions.
Key Facts
- The base year for the index is 2010.
- Zimbabwe experienced hyperinflation in the late 2000s.
- The index reflects the changing purchasing power of the Zimbabwean dollar.
FAQs
Q: What does this economic trend measure?
A: The Price Level of GDP, G-K method for Zimbabwe measures the general price level of goods and services in the country's economy, which is used to convert nominal GDP into real GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to assess inflation and the purchasing power of the local currency, allowing for more accurate comparisons of economic growth over time and between countries.
Q: How is this data collected or calculated?
A: The data is calculated by the United States Federal Reserve using the Geary-Khamis (G-K) method to determine the relative prices of goods and services.
Q: How is this trend used in economic policy?
A: This metric is used by economists, central banks, and international organizations to monitor economic conditions and inform policy decisions related to inflation, exchange rates, and economic growth.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedules and potential revisions of the United States Federal Reserve.
Related Trends
Price Level of GDP, average of GEKS-CPDW for Peru
PL2GDPPEA621NUPN
Price Level of Government Consumption for Malta
PLOGINMTA623NUPN
Price Level of GDP, average of GEKS-CPDW for Luxembourg
PL2GDPLUA621NUPN
Price Level of Government Consumption for the Gambia
PLOGINGMA623NUPN
Price Level of Consumption for Sudan
PLOCONSDA622NUPN
Price Level of Consumption for Seychelles
PLOCONSCA622NUPN
Citation
U.S. Federal Reserve, Price Level of GDP, G-K method for Zimbabwe (PLOGDPZWA621NUPN), retrieved from FRED.