Price Level of Exports for Armenia
PLXCPPAMA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.67
Year-over-Year Change
5.80%
Date Range
1/1/1990 - 1/1/2019
Summary
The Price Level of Exports for Armenia measures the price changes of goods and services exported from Armenia. This metric is crucial for understanding Armenia's trade competitiveness and the domestic pressures affecting its export markets.
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 Exports for Armenia is an index that tracks the average prices received by Armenian exporters. It provides insight into the international price competitiveness of Armenia's exported products and the overall strength of its export sector.
Methodology
The data is calculated based on price surveys and statistical models by the International Monetary Fund.
Historical Context
This metric is used by policymakers, trade analysts, and businesses to gauge Armenia's export performance and guide economic strategies.
Key Facts
- Armenia is a small, landlocked country in the South Caucasus region.
- Exports account for around 40% of Armenia's GDP.
- Key Armenian exports include precious stones, metals, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Exports for Armenia measures the average prices received by Armenian exporters for their goods and services sold internationally.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Armenia's export competitiveness and the domestic pressures affecting its export markets, which is crucial for policymakers and businesses.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund based on price surveys and statistical modeling.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to gauge Armenia's export performance and guide strategies to boost the country's international trade competitiveness.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not fully capture recent market fluctuations or policy changes affecting Armenia's export prices.
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Citation
U.S. Federal Reserve, Price Level of Exports for Armenia (PLXCPPAMA670NRUG), retrieved from FRED.