Price Level of Exports for Bermuda
PLXCPPBMA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.66
Year-over-Year Change
-6.46%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Exports for Bermuda measures the change in prices of goods and services exported from Bermuda. This metric is important for understanding Bermuda's international trade dynamics and competitiveness.
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 Bermuda index tracks the price changes of products and services sold by Bermudian companies to international buyers. It provides insight into the cost competitiveness of Bermuda's exports relative to other countries.
Methodology
The data is collected through surveys of Bermudian exporters and calculated as an index relative to a base year.
Historical Context
Policymakers and economists monitor this index to assess Bermuda's export market performance and trade position.
Key Facts
- Bermuda is a major exporter of financial and business services.
- The exports price index is based on 2012 as the base year.
- Monitoring this index helps policymakers assess Bermuda's trade position.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Exports for Bermuda measures the change in prices of goods and services exported from Bermuda over time.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into the cost competitiveness of Bermuda's exports, which is important for understanding the country's international trade dynamics and performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Bermudian exporters and calculated as an index relative to a base year.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this index to assess Bermuda's export market performance and trade position, which informs policy decisions.
Q: Are there update delays or limitations?
A: There may be delays in data reporting, and the index is limited to tracking price changes for Bermuda's exports, not its imports or overall trade balance.
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Citation
U.S. Federal Reserve, Price Level of Exports for Bermuda (PLXCPPBMA670NRUG), retrieved from FRED.