External Trade: Volume of Exports of Goods and Services for Kiribati
KIRTXRPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.20
Year-over-Year Change
-88.64%
Date Range
1/1/2016 - 1/1/2024
Summary
This economic indicator measures the volume of exports of goods and services for Kiribati, providing insight into the country's trade dynamics and international economic engagement.
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 External Trade: Volume of Exports of Goods and Services for Kiribati metric tracks the total volume of exports from Kiribati, including both goods and services. This data point is useful for analyzing Kiribati's trade balance, competitiveness, and broader macroeconomic performance.
Methodology
The data is collected and reported by the Kiribati National Statistics Office.
Historical Context
Policymakers and analysts use this metric to assess Kiribati's trade position and integration into the global economy.
Key Facts
- Kiribati is a Pacific island nation heavily reliant on exports.
- Exports account for a significant portion of Kiribati's GDP.
- The volume of exports has fluctuated in recent years.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total volume of goods and services exported from Kiribati, providing insight into the country's trade dynamics and international economic engagement.
Q: Why is this trend relevant for users or analysts?
A: The volume of exports is a crucial indicator for assessing Kiribati's trade balance, competitiveness, and broader macroeconomic performance.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Kiribati National Statistics Office.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Kiribati's trade position and integration into the global economy, informing policy decisions.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting by the Kiribati National Statistics Office.
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Citation
U.S. Federal Reserve, External Trade: Volume of Exports of Goods and Services for Kiribati (KIRTXRPCPPPT), retrieved from FRED.