External Trade: Volume of Exports of Goods and Services for Lao People's Democratic Republic
LAOTXRPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.01
Year-over-Year Change
-83.10%
Date Range
1/1/2016 - 1/1/2024
Summary
This trend measures the volume of exports of goods and services for the Lao People's Democratic Republic. It is a key indicator of the country's international trade performance and economic health.
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 Lao People's Democratic Republic trend represents the quantity of exported products and services from Laos. It is an important metric for evaluating the nation's participation in global commerce and its ability to generate foreign revenue.
Methodology
The data is collected through official government trade reporting channels.
Historical Context
Policymakers and analysts use this trend to assess Laos' export competitiveness and trade balance.
Key Facts
- Laos is a landlocked country in Southeast Asia.
- Exports account for over 30% of Laos' GDP.
- Major export products include hydropower, mining, and agricultural goods.
FAQs
Q: What does this economic trend measure?
A: This trend measures the volume, or quantity, of exported goods and services from the Lao People's Democratic Republic.
Q: Why is this trend relevant for users or analysts?
A: The export volume trend is an important indicator of Laos' international trade performance and economic health.
Q: How is this data collected or calculated?
A: The data is collected through official government trade reporting channels.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Laos' export competitiveness and trade balance.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags or revisions by the Lao government.
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Citation
U.S. Federal Reserve, External Trade: Volume of Exports of Goods and Services for Lao People's Democratic Republic (LAOTXRPCPPPT), retrieved from FRED.