Price Level of Exports for Australia
PLXCPPAUA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.61
Year-over-Year Change
4.63%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Exports for Australia measures changes in the prices of goods and services exported from Australia. This key economic indicator provides insights into Australia's international trade competitiveness and export-driven growth.
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 Australia tracks the overall price movements of Australian exports over time. It is a valuable metric for economists and policymakers to assess the country's export performance and global market positioning.
Methodology
The data is calculated by the Australian Bureau of Statistics based on a survey of export prices.
Historical Context
Trends in the price level of exports can inform trade, monetary, and fiscal policies in Australia and partner countries.
Key Facts
- Australia is the 13th largest exporter globally.
- Exports account for over 20% of Australia's GDP.
- China is Australia's largest export market.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Exports for Australia measures changes in the overall prices of goods and services exported from the country over time.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into Australia's export competitiveness and can inform trade, monetary, and fiscal policies.
Q: How is this data collected or calculated?
A: The data is calculated by the Australian Bureau of Statistics based on a survey of export prices.
Q: How is this trend used in economic policy?
A: Trends in the price level of exports can inform trade, monetary, and fiscal policies in Australia and partner countries.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short lag, providing timely insights into Australia's export dynamics.
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Citation
U.S. Federal Reserve, Price Level of Exports for Australia (PLXCPPAUA670NRUG), retrieved from FRED.