External Trade: Volume of Imports of Goods and Services for Bangladesh
BGDTMRPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.00
Year-over-Year Change
-43.60%
Date Range
1/1/2016 - 1/1/2024
Summary
The External Trade: Volume of Imports of Goods and Services for Bangladesh measures the total volume of imported goods and services in the Bangladeshi economy. This metric is important for economists and policymakers to assess the country's international trade dynamics and its impact on economic growth.
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 series represents the total volume of imports of goods and services in Bangladesh, adjusted for price changes. It is a key indicator of a country's international trade position and integration with the global economy. Economists and analysts use this data to understand Bangladesh's import demand, competitiveness, and exposure to external shocks.
Methodology
The data is collected and calculated by the Bangladesh Bureau of Statistics based on surveys and administrative records.
Historical Context
Policymakers and market analysts closely monitor Bangladesh's import volume trends to gauge the country's economic performance and assess the impacts of trade policies.
Key Facts
- Bangladesh is a major importer of goods and services.
- Import volume trends reflect the country's economic performance.
- Policymakers use this data to inform trade and economic policies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of imported goods and services in the Bangladeshi economy, adjusted for price changes.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding Bangladesh's international trade dynamics, competitiveness, and exposure to external economic shocks.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Bangladesh Bureau of Statistics based on surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor Bangladesh's import volume trends to gauge the country's economic performance and assess the impacts of trade policies.
Q: Are there update delays or limitations?
A: The data is subject to the reporting and publication schedule of the Bangladesh Bureau of Statistics.
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Citation
U.S. Federal Reserve, External Trade: Volume of Imports of Goods and Services for Bangladesh (BGDTMRPCPPPT), retrieved from FRED.