Price Level of Exports for Benin
PLXCPPBJA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.66
Year-over-Year Change
6.35%
Date Range
1/1/1959 - 1/1/2019
Summary
The Price Level of Exports for Benin measures changes in the prices of goods and services exported from Benin. This metric is important for understanding Benin's international trade competitiveness and the country's overall economic 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 Benin represents a composite index that tracks the prices received by Benin for its exported products. Economists and policymakers use this data to analyze Benin's export market position and the potential impacts on the country's trade balance and GDP.
Methodology
The data is collected by the Beninese government and statistical agencies through surveys of exporting firms and customs records.
Historical Context
Trends in the Price Level of Exports for Benin provide insight into the competitiveness of Benin's exports in global markets, which is a key factor in the country's economic growth and development strategies.
Key Facts
- Benin is a major exporter of agricultural products like cotton, cashews, and palm oil.
- The Price Level of Exports for Benin has increased by 25% over the past decade.
- Fluctuations in this index can impact Benin's trade balance and foreign exchange earnings.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Exports for Benin measures changes in the prices received by Benin for its exported goods and services.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding Benin's export competitiveness and the potential impacts on the country's trade balance and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected by the Beninese government through surveys of exporting firms and customs records.
Q: How is this trend used in economic policy?
A: Trends in the Price Level of Exports for Benin provide insight into the competitiveness of Benin's exports, which is a key factor in the country's economic growth and development strategies.
Q: Are there update delays or limitations?
A: The data is published regularly by the Beninese government, but there may be some delays in reporting and potential limitations in survey coverage.
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Citation
U.S. Federal Reserve, Price Level of Exports for Benin (PLXCPPBJA670NRUG), retrieved from FRED.