Price Level of Exports for Singapore
PLXCPPSGA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.71
Year-over-Year Change
13.85%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Exports for Singapore measures changes in the average prices of goods and services exported from Singapore. This economic indicator is important for understanding Singapore's trade competitiveness and the impact of exchange rate movements on its exporting industries.
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 Singapore is an index that tracks the overall price changes of goods and services exported from the country. It is used to assess the international price competitiveness of Singapore's exports compared to other nations and can provide insights into the impact of currency valuations on the country's trade performance.
Methodology
The data is collected by Singapore's Department of Statistics through surveys of exporting companies.
Historical Context
This metric is closely monitored by Singaporean policymakers and economists to evaluate the health of the country's export-oriented economy.
Key Facts
- Singapore is one of the world's most trade-dependent economies.
- The price level of exports can impact Singapore's trade balance and economic growth.
- Export prices are influenced by factors like exchange rates, production costs, and market competition.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Exports for Singapore measures the average price changes of goods and services exported from the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Singapore's international price competitiveness and the impact of currency fluctuations on its export-driven economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of exporting companies by Singapore's Department of Statistics.
Q: How is this trend used in economic policy?
A: Singaporean policymakers and economists closely monitor this metric to evaluate the health of the country's export sector and make informed policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a regular basis with minimal delays, providing timely insights into Singapore's export price dynamics.
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Citation
U.S. Federal Reserve, Price Level of Exports for Singapore (PLXCPPSGA670NRUG), retrieved from FRED.