Price Level of Imports for Gabon
PLMCPPGAA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.56
Year-over-Year Change
5.47%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Imports for Gabon measures the change in prices of goods and services imported into Gabon. This metric is important for analyzing Gabon's trade balance and the competitiveness of its exports.
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 Imports for Gabon tracks the price changes of imported goods and services into the country. This metric is used by economists and policymakers to understand Gabon's trade dynamics and the impacts on domestic industries and consumers.
Methodology
The data is collected and calculated by the International Monetary Fund based on import price surveys and other statistical sources.
Historical Context
The Price Level of Imports trend is a key input for Gabon's economic policy decisions and trade negotiations.
Key Facts
- Gabon is a major exporter of oil and other natural resources.
- Imports account for over 40% of Gabon's GDP.
- Fluctuations in import prices can significantly impact Gabon's trade balance.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Gabon measures the change in prices of goods and services imported into the country.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for analyzing Gabon's trade balance and the competitiveness of its exports.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund based on import price surveys and other statistical sources.
Q: How is this trend used in economic policy?
A: The Price Level of Imports trend is a key input for Gabon's economic policy decisions and trade negotiations.
Q: Are there update delays or limitations?
A: The data may have occasional update delays due to the complexities of international trade data collection.
Related Trends
Price Level of Imports for Saudi Arabia
PLMCPPSAA670NRUG
Price Level of Household Consumption for Czech Republic
PLCCPPCZA670NRUG
Price Level of Household Consumption for Saint Vincent and the Grenadines
PLCCPPVCA670NRUG
Price Level of Imports for Kyrgyzstan
PLMCPPKGA670NRUG
Price Level of the Capital Stock for Norway
PLKCPPNOA670NRUG
Price Level of Exports for Turkey
PLXCPPTRA670NRUG
Citation
U.S. Federal Reserve, Price Level of Imports for Gabon (PLMCPPGAA670NRUG), retrieved from FRED.