National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Luxembourg
Index 2015=100, Annual
NAEXKP01LUA661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.28
Year-over-Year Change
32.66%
Date Range
1/1/1995 - 1/1/2022
Summary
The Index 2015=100, Annual trend measures the purchasing power parity (PPP) conversion factor for private consumption, which compares price levels between countries and years.
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
This annual index provides a standardized measure of relative price levels, allowing for cross-country and intertemporal comparisons of private consumption expenditures. It is used by economists and policymakers to assess differences in living standards and purchasing power.
Methodology
The data is calculated by the World Bank using price surveys and national accounts information.
Historical Context
This index is relevant for evaluating international competitiveness and the relative affordability of consumer goods.
Key Facts
- The index uses 2015 as the base year with a value of 100.
- It covers 199 countries and territories.
- The index can be used to adjust GDP for price level differences.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Annual measures the purchasing power parity (PPP) conversion factor for private consumption across countries.
Q: Why is this trend relevant for users or analysts?
A: This index allows for meaningful comparisons of living standards and consumer purchasing power between countries and over time.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using price surveys and national accounts information.
Q: How is this trend used in economic policy?
A: This index is relevant for evaluating international competitiveness and the relative affordability of consumer goods.
Q: Are there update delays or limitations?
A: The annual index data is published with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Index 2015=100, Annual (NAEXKP01LUA661S), retrieved from FRED.