Price Level of Imports for Kazakhstan
PLMCPPKZA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.63
Year-over-Year Change
5.14%
Date Range
1/1/1990 - 1/1/2019
Summary
The Price Level of Imports for Kazakhstan measures changes in the prices of goods and services imported into the Kazakh economy. It is a key indicator for understanding Kazakhstan's international trade dynamics and inflation pressures.
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 Kazakhstan tracks the weighted average cost of products and services purchased from other countries. It reflects the purchasing power of the Kazakh tenge relative to foreign currencies and can signal shifts in the country's trade balance and competitiveness.
Methodology
The data is collected through surveys of Kazakh businesses and customs records, then aggregated and adjusted for inflation.
Historical Context
Policymakers and economists use this metric to assess Kazakhstan's external sector performance and inform decisions on monetary, fiscal, and trade policies.
Key Facts
- Kazakhstan is a major exporter of oil, gas, and mineral resources.
- The tenge is Kazakhstan's national currency.
- Imports account for approximately 25% of Kazakhstan's GDP.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Kazakhstan measures changes in the prices of goods and services imported into the Kazakh economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant for understanding Kazakhstan's international trade dynamics, inflation pressures, and the purchasing power of the national currency.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Kazakh businesses and customs records, then aggregated and adjusted for inflation.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess Kazakhstan's external sector performance and inform decisions on monetary, fiscal, and trade policies.
Q: Are there update delays or limitations?
A: The data may be subject to revisions and have occasional publication delays due to the complexities of cross-border trade statistics.
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Citation
U.S. Federal Reserve, Price Level of Imports for Kazakhstan (PLMCPPKZA670NRUG), retrieved from FRED.