Price Level of Exports for Dominican Republic
PLXCPPDOA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.70
Year-over-Year Change
17.73%
Date Range
1/1/1951 - 1/1/2019
Summary
The Price Level of Exports for Dominican Republic measures changes in the prices of goods and services exported from the Dominican Republic. This metric is important for analyzing the country's international trade competitiveness and 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 Dominican Republic is an index that tracks the overall price changes for the Dominican Republic's exported products and services. It provides insight into the country's export pricing and can be used to evaluate its trade position relative to other nations.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
This metric is used by economists, policymakers, and market analysts to assess the Dominican Republic's export sector and trade dynamics.
Key Facts
- The base year for the Price Level of Exports index is 2012 = 100.
- Exports account for approximately 25% of the Dominican Republic's GDP.
- The index has increased by 10% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Exports for Dominican Republic measures changes in the overall pricing of the country's exported goods and services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the Dominican Republic's export competitiveness and can be used to evaluate its trade position compared to other nations.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and market analysts use this metric to assess the performance and dynamics of the Dominican Republic's export sector.
Q: Are there update delays or limitations?
A: The data is published on a regular basis with minimal update delays, providing timely information on the Dominican Republic's export price trends.
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Citation
U.S. Federal Reserve, Price Level of Exports for Dominican Republic (PLXCPPDOA670NRUG), retrieved from FRED.