Price Level of Imports for Guinea-Bissau
PLMCPPGWA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.56
Year-over-Year Change
2.66%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Imports for Guinea-Bissau measures the relative price index of imported goods and services in the country. This metric is crucial for analyzing a country's trade competitiveness and inflation 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 Guinea-Bissau tracks changes in the cost of goods and services imported into the country. This trend is used by economists and policymakers to assess the nation's trade balance, exchange rate movements, and overall economic performance.
Methodology
The data is collected and calculated by the International Monetary Fund.
Historical Context
This index provides important context for Guinea-Bissau's trade policies and the impact of exchange rate fluctuations.
Key Facts
- Guinea-Bissau is a small, developing West African nation.
- Imports account for a significant portion of Guinea-Bissau's GDP.
- The import price index helps track inflationary pressures from trade.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Guinea-Bissau measures the relative cost of imported goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: This index is crucial for analyzing Guinea-Bissau's trade competitiveness, inflation dynamics, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund.
Q: How is this trend used in economic policy?
A: Policymakers in Guinea-Bissau use this index to inform trade policies and assess the impact of exchange rate fluctuations.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological changes of the International Monetary Fund.
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Citation
U.S. Federal Reserve, Price Level of Imports for Guinea-Bissau (PLMCPPGWA670NRUG), retrieved from FRED.