Real Effective Exchange Rate as Based on Consumer Price Index for Guinea-Bissau
GNBEREERIX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.21
Year-over-Year Change
4.72%
Date Range
1/1/2000 - 1/1/2024
Summary
The Real Effective Exchange Rate (REER) as Based on Consumer Price Index for Guinea-Bissau measures the value of the Guinean peso relative to a basket of other currencies, adjusted for inflation. This provides insights into Guinea-Bissau's international trade competitiveness.
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 REER index tracks the purchasing power of the Guinean peso compared to its trading partners, accounting for relative price levels. This helps economists and policymakers assess the country's export and import dynamics, as well as its overall economic performance in the global market.
Methodology
The data is calculated by the International Monetary Fund using Guinea-Bissau's exchange rates and consumer price indexes.
Historical Context
Governments and analysts use the REER to inform trade, monetary, and fiscal policies.
Key Facts
- The base year for the REER index is 2010.
- Guinea-Bissau is a West African country and member of the Economic Community of West African States (ECOWAS).
- The Guinean peso is the official currency of Guinea-Bissau.
FAQs
Q: What does this economic trend measure?
A: The REER as Based on Consumer Price Index for Guinea-Bissau measures the value of the Guinean peso relative to a basket of other currencies, adjusting for inflation in Guinea-Bissau and its trading partners.
Q: Why is this trend relevant for users or analysts?
A: This REER index provides insights into Guinea-Bissau's international trade competitiveness, which is useful for economists, policymakers, and market analysts when assessing the country's export and import dynamics, as well as its overall economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund using Guinea-Bissau's exchange rates and consumer price indexes.
Q: How is this trend used in economic policy?
A: Governments and analysts use the REER to inform trade, monetary, and fiscal policies in Guinea-Bissau and other countries.
Q: Are there update delays or limitations?
A: The REER data may have update delays due to the time required to collect and process the underlying exchange rate and price index information.
Related Trends
Use of Financial Services: Number of Depositors at Commercial Banks for Guinea-Bissau
GNBFCDODCPENUM
Use of Financial Services: Key Indicators, Household Depositors with Commercial Banks Per 1000 Adults for Guinea-Bissau
GNBFCDODCHANUM
Gross Debt Position of the General Government for Guinea-Bissau
GNBGGXWDGG01GDPPT
Geographical Outreach: Key Indicators ATMs Per 100,000 Adults for Guinea-Bissau
GNBFCAANUM
Consumer Prices at End of Period for Guinea-Bissau
GNBPCPIEOPPCPPPT
Real Gross Domestic Product for Guinea-Bissau
GNBNGDPRPCPPPT
Citation
U.S. Federal Reserve, Real Effective Exchange Rate as Based on Consumer Price Index for Guinea-Bissau (GNBEREERIX), retrieved from FRED.