Price Level of Exports for Gambia
PLXCPPGMA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.66
Year-over-Year Change
4.63%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Exports for Gambia tracks the average change in prices of goods and services exported from Gambia. This metric is a key indicator of Gambia's international trade competitiveness and export sector 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 Gambia measures the price changes over time of Gambian goods and services sold to foreign markets. It provides insight into the country's export price dynamics, which can influence trade balances, foreign exchange rates, and broader economic conditions.
Methodology
The data is collected by the Gambian government and compiled by the World Bank.
Historical Context
Policymakers and market analysts use this index to assess Gambia's export sector health and international trade position.
Key Facts
- Gambia is a small, open economy heavily reliant on exports.
- Export prices influence Gambia's trade balance and foreign exchange rates.
- The Price Level of Exports for Gambia has risen steadily over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Exports for Gambia tracks the average change in prices of goods and services exported from Gambia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Gambia's export price dynamics, which can impact the country's trade balance, foreign exchange rates, and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected by the Gambian government and compiled by the World Bank.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this index to assess Gambia's export sector health and international trade position.
Q: Are there update delays or limitations?
A: The Price Level of Exports for Gambia data is published regularly with minimal delays.
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Citation
U.S. Federal Reserve, Price Level of Exports for Gambia (PLXCPPGMA670NRUG), retrieved from FRED.