Price Level of Exports for Oman
PLXCPPOMA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.56
Year-over-Year Change
17.16%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Exports for Oman measures the overall price changes of goods and services exported from Oman to the rest of the world. This metric is important for economists and policymakers to assess Oman's international competitiveness and trade dynamics.
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
This index tracks the price changes of a basket of Omani export products over time, providing insight into the relative prices of Oman's exports compared to other countries. It is used to analyze Oman's export performance and the impact of exchange rate movements and production costs on the country's trade position.
Methodology
The data is collected and calculated by the Central Bank of Oman based on a comprehensive survey of Omani export prices.
Historical Context
The Price Level of Exports for Oman is a key indicator for monitoring Oman's trade and economic policies.
Key Facts
- Oman is a major exporter of oil, natural gas, and petrochemicals.
- The Price Level of Exports index has a base year of 2010 = 100.
- Oman's export prices have fluctuated due to changes in global commodity prices.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Exports for Oman measures the overall changes in prices of goods and services exported from Oman to international markets.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Oman's export competitiveness and can inform economic and trade policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Central Bank of Oman based on a comprehensive survey of Omani export prices.
Q: How is this trend used in economic policy?
A: The Price Level of Exports for Oman is used by policymakers and analysts to monitor the country's trade performance and the impact of economic policies on export competitiveness.
Q: Are there update delays or limitations?
A: The data is published on a regular basis with minimal delays, though it may be subject to revisions based on updated information.
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Citation
U.S. Federal Reserve, Price Level of Exports for Oman (PLXCPPOMA670NRUG), retrieved from FRED.