Price Level of Imports for Gambia
PLMCPPGMA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.58
Year-over-Year Change
3.16%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Imports for Gambia measures the level of import prices in the Gambian economy. This trend is important for policymakers and economists to assess inflationary pressures and trade dynamics.
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 Gambia tracks the average price of goods and services imported into the country. This index is used to monitor changes in the cost of imports, which can impact domestic inflation, consumer purchasing power, and the trade balance.
Methodology
The data is collected and calculated by the Gambian Bureau of Statistics.
Historical Context
Policymakers analyze this trend to understand how external price changes may affect the Gambian economy.
Key Facts
- Gambia is a net importer of goods and services.
- Import prices can impact domestic inflation through pass-through effects.
- Monitoring this trend helps policymakers assess trade competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Gambia measures the average price of goods and services imported into the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding inflationary pressures, trade dynamics, and the impact of external price changes on the Gambian economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Gambian Bureau of Statistics.
Q: How is this trend used in economic policy?
A: Policymakers analyze this trend to assess how external price changes may affect the Gambian economy, including impacts on inflation and trade competitiveness.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and methodological practices of the Gambian Bureau of Statistics.
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Citation
U.S. Federal Reserve, Price Level of Imports for Gambia (PLMCPPGMA670NRUG), retrieved from FRED.