Price Level of Exports for Azerbaijan
PLXCPPAZA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.52
Year-over-Year Change
17.92%
Date Range
1/1/1990 - 1/1/2019
Summary
The Price Level of Exports for Azerbaijan measures the domestic price dynamics of goods and services exported from Azerbaijan. It is a key indicator for monitoring the country's international competitiveness and trade performance.
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 Azerbaijan tracks changes in the prices received by Azerbaijani exporters over time. This metric is useful for economists and policymakers to assess Azerbaijan's export price competitiveness and the impact of factors like currency movements, production costs, and trade policies.
Methodology
The data is calculated by the World Bank based on official Azerbaijani export price statistics.
Historical Context
The Price Level of Exports is used by analysts to evaluate Azerbaijan's trade position and inform decisions around exchange rate, tariff, and other economic policies.
Key Facts
- The base year for the Price Level of Exports index is 2010 = 100.
- Azerbaijan is a major oil and gas exporter, with energy products accounting for over 90% of total exports.
- The Price Level of Exports has fluctuated significantly over the past decade, reflecting volatility in global energy markets.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Exports for Azerbaijan measures the average prices received by Azerbaijani exporters for their goods and services sold internationally.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing Azerbaijan's export price competitiveness and the impacts of factors like exchange rates, production costs, and trade policies on the country's international trade performance.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on official Azerbaijani export price statistics.
Q: How is this trend used in economic policy?
A: The Price Level of Exports is used by economists and policymakers to evaluate Azerbaijan's trade position and inform decisions around exchange rate, tariff, and other economic policies.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not fully capture the most recent economic conditions in Azerbaijan.
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Citation
U.S. Federal Reserve, Price Level of Exports for Azerbaijan (PLXCPPAZA670NRUG), retrieved from FRED.