Price Level of Exports for Republic of Korea
PLXCPPKRA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.65
Year-over-Year Change
2.84%
Date Range
1/1/1953 - 1/1/2019
Summary
The Price Level of Exports for Republic of Korea measures the overall price changes of goods and services exported from South Korea. This metric is crucial for understanding South Korea's international trade competitiveness and the country's broader 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 Republic of Korea tracks the price changes of exported products and services from South Korea. This index reflects the purchasing power of South Korea's exports in the global marketplace and is used by economists and policymakers to evaluate the nation's export sector and trade dynamics.
Methodology
The data is collected and calculated by the Bank of Korea based on a comprehensive survey of export transactions.
Historical Context
This metric provides important context for South Korea's trade policies, exchange rate management, and overall economic strategies.
Key Facts
- South Korea is the 6th largest exporter globally.
- Exports account for over 50% of South Korea's GDP.
- The export price index reached a record high in 2022.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Exports for Republic of Korea tracks the overall price changes of goods and services exported from South Korea.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding South Korea's international trade competitiveness and the country's broader economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Bank of Korea based on a comprehensive survey of export transactions.
Q: How is this trend used in economic policy?
A: This metric provides important context for South Korea's trade policies, exchange rate management, and overall economic strategies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with minimal lags.
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Citation
U.S. Federal Reserve, Price Level of Exports for Republic of Korea (PLXCPPKRA670NRUG), retrieved from FRED.