Price Level of Exports for Bolivarian Republic of Venezuela
PLXCPPVEA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.58
Year-over-Year Change
18.48%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Exports for Bolivarian Republic of Venezuela measures the general price level of exported goods from Venezuela. This metric is important for economists and policymakers to assess the country'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
This index tracks the overall price changes of Venezuela's exported products over time, providing insights into the nation's export pricing and trade dynamics. It is used to analyze the country's export sector performance and can inform trade policy decisions.
Methodology
The data is collected by the U.S. Bureau of Labor Statistics through surveys of export transactions.
Historical Context
This trend is closely monitored by economists and trade analysts to understand Venezuela's trade position and the impacts of economic policies.
Key Facts
- Venezuela is a major exporter of oil and petrochemicals.
- Export prices can impact the country's trade balance and foreign exchange earnings.
- This index is published monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Exports for Bolivarian Republic of Venezuela measures the general price level of goods exported from Venezuela over time.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Venezuela's export competitiveness and can inform trade policy decisions by economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Labor Statistics through surveys of export transactions.
Q: How is this trend used in economic policy?
A: Economists and trade analysts closely monitor this trend to understand Venezuela's trade position and the impacts of economic policies.
Q: Are there update delays or limitations?
A: The Price Level of Exports for Venezuela is published monthly by the U.S. Bureau of Labor Statistics.
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Citation
U.S. Federal Reserve, Price Level of Exports for Bolivarian Republic of Venezuela (PLXCPPVEA670NRUG), retrieved from FRED.