Price Level of Exports for Namibia
PLXCPPNAA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.63
Year-over-Year Change
-0.21%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Exports for Namibia measures the relative prices of Namibian exports compared to a base year. It is an important indicator of Namibia's international trade 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 Namibia tracks the evolution of export prices, providing insights into the country's trade position. Economists and policymakers use this data to assess Namibia's export sector performance and international market dynamics.
Methodology
The data is calculated by the World Bank based on national accounts and customs information.
Historical Context
Monitoring the price level of exports helps Namibian officials and businesses evaluate the country's trade policies and global market positioning.
Key Facts
- Namibia is a major exporter of minerals, livestock, and fish products.
- The export price level index uses 2015 as the base year with a value of 100.
- Tracking export prices helps Namibia assess its global competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Exports for Namibia measures the relative prices of Namibian exports compared to a base year. It provides insights into the country's international trade competitiveness.
Q: Why is this trend relevant for users or analysts?
A: This data is important for economists and policymakers to assess Namibia's export sector performance and global market positioning.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on national accounts and customs information.
Q: How is this trend used in economic policy?
A: Monitoring the price level of exports helps Namibian officials and businesses evaluate the country's trade policies and global market positioning.
Q: Are there update delays or limitations?
A: The data is published regularly by the World Bank with some potential for update delays due to data collection and processing.
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Citation
U.S. Federal Reserve, Price Level of Exports for Namibia (PLXCPPNAA670NRUG), retrieved from FRED.