Price Level of Exports for Jamaica
PLXCPPJMA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.64
Year-over-Year Change
0.07%
Date Range
1/1/1953 - 1/1/2019
Summary
The Price Level of Exports for Jamaica measures the changes in export prices over time. This metric is crucial for economists and policymakers to assess Jamaica's international trade competitiveness and the impact of exchange rate fluctuations.
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 Jamaica is an index that tracks the average prices of goods and services exported from Jamaica. It provides insights into the pricing dynamics faced by Jamaican exporters and the country's export sector performance.
Methodology
The data is collected by the Jamaican government through surveys of exporting businesses.
Historical Context
This trend is used by policymakers and trade analysts to monitor Jamaica's export performance and guide decisions on trade policies and exchange rate management.
Key Facts
- Jamaica is a major exporter of agricultural products, including bananas, sugar, and coffee.
- The Price Level of Exports for Jamaica has shown volatility in recent years due to exchange rate fluctuations.
- Monitoring this trend is crucial for the Jamaican government to assess the impact of trade policies and exchange rate management.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Exports for Jamaica measures the changes in average prices of goods and services exported from the country over time.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for economists and policymakers to assess Jamaica's international trade competitiveness and the impact of exchange rate fluctuations on the country's export sector.
Q: How is this data collected or calculated?
A: The data is collected by the Jamaican government through surveys of exporting businesses.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and trade analysts to monitor Jamaica's export performance and guide decisions on trade policies and exchange rate management.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the Jamaican government.
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Citation
U.S. Federal Reserve, Price Level of Exports for Jamaica (PLXCPPJMA670NRUG), retrieved from FRED.