Price Level of Exports for Ghana
PLXCPPGHA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.61
Year-over-Year Change
-3.09%
Date Range
1/1/1955 - 1/1/2019
Summary
The Price Level of Exports for Ghana measures the price changes of goods and services exported from Ghana. It is an important indicator for tracking Ghana'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 Ghana is an index that tracks the average price changes of products and services exported from Ghana over time. It provides insights into the country's export prices relative to a base year, reflecting factors like production costs, exchange rates, and global market dynamics.
Methodology
The data is collected and calculated by the Ghana Statistical Service using a survey of exporting companies.
Historical Context
Policymakers and economists use this trend to assess Ghana's export competitiveness and the impact of economic policies on the country's international trade.
Key Facts
- Ghana is the world's second-largest producer of cocoa.
- Exports account for over 30% of Ghana's GDP.
- The Price Level of Exports for Ghana uses 2015 as the base year.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Exports for Ghana measures the average price changes of goods and services exported from the country over time.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Ghana's export competitiveness, which is crucial for evaluating the country's international trade performance and the impact of economic policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Ghana Statistical Service using a survey of exporting companies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess Ghana's export competitiveness and the effectiveness of policies aimed at promoting international trade.
Q: Are there update delays or limitations?
A: The data is published regularly by the Ghana Statistical Service, but there may be some delays in the release of the latest figures.
Related Trends
Price Level of Household Consumption for Cyprus
PLCCPPCYA670NRUG
Price Level of Imports for Norway
PLMCPPNOA670NRUG
Price Level of Capital Formation for Italy
PLICPPITA670NRUG
Price Level of Government Consumption for Ghana
PLGCPPGHA670NRUG
Price Level of the Capital Stock for Sao Tome and Principe
PLKCPPSTA670NRUG
Price Level of Household Consumption for Iceland
PLCCPPISA670NRUG
Citation
U.S. Federal Reserve, Price Level of Exports for Ghana (PLXCPPGHA670NRUG), retrieved from FRED.