Price Level of Imports for Bangladesh
PLMCPPBDA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.65
Year-over-Year Change
17.82%
Date Range
1/1/1959 - 1/1/2019
Summary
The Price Level of Imports for Bangladesh measures the price changes of goods and services imported into Bangladesh. This indicator is crucial for understanding the nation's trade dynamics and 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 Price Level of Imports for Bangladesh tracks the average cost of goods and services purchased by Bangladeshi consumers and businesses from international suppliers. This data point informs analyses of Bangladesh's trade balance, exchange rate movements, and the impact of global market conditions on the domestic economy.
Methodology
The data is collected by the Bangladesh Bureau of Statistics through surveys of import transactions.
Historical Context
Policymakers and economists use this metric to assess Bangladesh's trade position and the effects of exchange rate and trade policies.
Key Facts
- Bangladesh is one of the world's fastest-growing economies.
- Imports account for over 30% of Bangladesh's GDP.
- The garment industry is a major driver of Bangladesh's trade.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Bangladesh tracks the average price of goods and services imported into the country, providing insights into trade dynamics and competitiveness.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding Bangladesh's trade balance, exchange rate movements, and the impact of global market conditions on the domestic economy.
Q: How is this data collected or calculated?
A: The data is collected by the Bangladesh Bureau of Statistics through surveys of import transactions.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess Bangladesh's trade position and the effects of exchange rate and trade policies.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule of the Bangladesh Bureau of Statistics, and may not reflect the most recent trade activities.
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Citation
U.S. Federal Reserve, Price Level of Imports for Bangladesh (PLMCPPBDA670NRUG), retrieved from FRED.