Price Level of Exports for Bangladesh
PLXCPPBDA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.68
Year-over-Year Change
29.22%
Date Range
1/1/1959 - 1/1/2019
Summary
The Price Level of Exports for Bangladesh measures the change in prices of goods and services exported from Bangladesh over time. This metric is important for analyzing Bangladesh's international trade competitiveness and the effects of exchange rate fluctuations.
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 Bangladesh is an index that tracks the average change in prices of Bangladeshi exports relative to a base year. It provides insight into the country's export price dynamics, which can inform trade policy, business strategy, and economic forecasting.
Methodology
The data is collected by the Bangladesh Bureau of Statistics through surveys of export transactions.
Historical Context
Policymakers and trade analysts use this index to evaluate Bangladesh's export price trends and their impact on the nation's trade balance and competitiveness.
Key Facts
- Bangladesh is one of the world's leading exporters of readymade garments.
- The Price Level of Exports index has a base year of 2010.
- Fluctuations in this index can affect Bangladesh's trade balance and exchange rate.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Exports for Bangladesh measures the change in prices of goods and services exported from the country over time.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Bangladesh's export price dynamics, which is important for analyzing the country's international trade competitiveness and the effects of exchange rate fluctuations.
Q: How is this data collected or calculated?
A: The data is collected by the Bangladesh Bureau of Statistics through surveys of export transactions.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this index to evaluate Bangladesh's export price trends and their impact on the nation's trade balance and competitiveness.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological changes of the Bangladesh Bureau of Statistics.
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Citation
U.S. Federal Reserve, Price Level of Exports for Bangladesh (PLXCPPBDA670NRUG), retrieved from FRED.