Price Level of Imports for Panama
PLMCPPPAA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.62
Year-over-Year Change
1.23%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Imports for Panama measures changes in the cost of goods and services imported into Panama over time. This trend is a key indicator of Panama's trade competitiveness and can inform economic policymaking.
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 Panama tracks the price index of imported goods and services in the Panamanian economy. This index is used to assess the relative cost of foreign products compared to domestic alternatives, providing insight into trade dynamics and the country's international competitiveness.
Methodology
The data is collected and calculated by the Panamanian National Institute of Statistics and Census based on surveys of import prices.
Historical Context
Policymakers and economists monitor this trend to gauge Panama's trade position and the potential inflationary impacts of imported goods.
Key Facts
- Panama is a major global shipping and logistics hub.
- The import price index is calculated using a base year of 2015.
- Trends in this index can impact Panama's exchange rate policies.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Panama measures changes in the cost of goods and services imported into the country over time.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into Panama's trade competitiveness and the potential inflationary impacts of imported products, which is important for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Panamanian National Institute of Statistics and Census based on surveys of import prices.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to gauge Panama's trade position and the potential inflationary impacts of imported goods, which can inform exchange rate and other trade-related policies.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be some delays in data reporting or potential limitations in the survey coverage.
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Citation
U.S. Federal Reserve, Price Level of Imports for Panama (PLMCPPPAA670NRUG), retrieved from FRED.