Price Level of Exports for Guinea
PLXCPPGNA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.72
Year-over-Year Change
40.20%
Date Range
1/1/1959 - 1/1/2019
Summary
The Price Level of Exports for Guinea measures the overall change in prices of goods and services exported from Guinea. This metric is crucial for understanding Guinea'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 Guinea is an index that tracks the overall price movements of products and services exported from Guinea to other countries. It provides insight into the country's export sector and can be used to assess its international trade position and competitiveness.
Methodology
The data is collected and calculated by the World Bank based on national accounts and trade statistics.
Historical Context
Policymakers and economists use this index to analyze Guinea's export performance and guide trade policies.
Key Facts
- Guinea is a major exporter of bauxite, gold, and agricultural products.
- The Price Level of Exports index uses 2010 as the base year.
- Fluctuations in this index can indicate changes in Guinea's export competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Exports for Guinea measures the overall change in prices of goods and services exported from the country.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into Guinea's export sector and competitiveness, which is crucial for understanding the country's international trade dynamics.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts and trade statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to analyze Guinea's export performance and guide trade policies.
Q: Are there update delays or limitations?
A: The data is subject to the availability and release schedule of the World Bank.
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Citation
U.S. Federal Reserve, Price Level of Exports for Guinea (PLXCPPGNA670NRUG), retrieved from FRED.