Terms of Trade for Goods for Gambia, The
GMBTTTIX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.95
Year-over-Year Change
-55.04%
Date Range
1/1/2000 - 1/1/2026
Summary
The Terms of Trade for Goods for Gambia, The measures the ratio of export prices to import prices, providing insight into a country's trade balance and economic 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 economic indicator tracks changes in Gambia's terms of trade, or the purchasing power of its exports relative to its imports. It is a key metric for analyzing a country's trade dynamics and economic performance.
Methodology
The data is calculated by the International Monetary Fund based on Gambia's reported export and import price indices.
Historical Context
Policymakers and analysts use this metric to assess Gambia's trade position and international competitiveness.
Key Facts
- Gambia's terms of trade have declined by 25% since 2010.
- A rising terms of trade indicates improving trade balance and purchasing power.
- Terms of trade is a key factor in a country's economic growth and development.
FAQs
Q: What does this economic trend measure?
A: The Terms of Trade for Goods for Gambia, The measures the ratio of export prices to import prices, providing insight into the country's trade balance and competitiveness.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating Gambia's trade dynamics, economic performance, and international competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund based on Gambia's reported export and import price indices.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Gambia's trade position and guide decisions related to trade, economic, and development policies.
Q: Are there update delays or limitations?
A: The data is published periodically by the IMF and may have some delay in reporting the latest figures.
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Citation
U.S. Federal Reserve, Terms of Trade for Goods for Gambia, The (GMBTTTIX), retrieved from FRED.