Price Level of Imports for Netherlands
PLMCPPNLA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.63
Year-over-Year Change
1.78%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Imports for Netherlands measures the cost of imported goods and services in the Dutch economy. This indicator is important for analyzing international trade, inflation, and the competitiveness of Dutch exports.
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 Netherlands tracks the changes in the average prices of goods and services imported into the country. It is a key economic indicator used to assess the impact of international trade on domestic price levels and the overall cost of living.
Methodology
The data is collected by Statistics Netherlands through surveys of importers and customs records.
Historical Context
Policymakers and economists monitor this trend to gauge the effects of exchange rates, tariffs, and global supply chain dynamics on the Dutch economy.
Key Facts
- The Netherlands is a major trading economy, with imports accounting for over 60% of its GDP.
- Import prices are a key driver of consumer price inflation in the Netherlands.
- The Price Level of Imports can be used to assess the competitiveness of Dutch exports in global markets.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Netherlands measures the average cost of goods and services imported into the country.
Q: Why is this trend relevant for users or analysts?
A: This indicator is important for analyzing the effects of international trade on domestic inflation, consumer purchasing power, and the competitiveness of Dutch exports.
Q: How is this data collected or calculated?
A: The data is collected by Statistics Netherlands through surveys of importers and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to gauge the impacts of exchange rates, tariffs, and global supply chain dynamics on the Dutch economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Price Level of Imports for Netherlands (PLMCPPNLA670NRUG), retrieved from FRED.