External Trade: Volume of Exports of Goods and Services for Sri Lanka
LKATXRPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.70
Year-over-Year Change
-43.10%
Date Range
1/1/2016 - 1/1/2024
Summary
The 'External Trade: Volume of Exports of Goods and Services for Sri Lanka' trend measures the volume of exports of goods and services from Sri Lanka. This data is important for economists and policymakers to assess the country's trade performance and global 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 the volume of exports of both goods and services from Sri Lanka over time. It provides insights into the nation's trade dynamics, global market share, and ability to drive economic growth through international commerce.
Methodology
The data is collected and calculated by the Central Bank of Sri Lanka based on national accounts and trade statistics.
Historical Context
Policymakers and market analysts use this export volume data to evaluate Sri Lanka's trade position and inform decisions around economic policies and business strategies.
Key Facts
- Sri Lanka's export volume has grown by 36% over the past decade.
- Exports account for over 20% of Sri Lanka's GDP.
- The top export categories are textiles, tea, and rubber products.
FAQs
Q: What does this economic trend measure?
A: This trend measures the volume of exports of goods and services from Sri Lanka, providing insights into the country's trade performance and global market share.
Q: Why is this trend relevant for users or analysts?
A: This export volume data is crucial for understanding Sri Lanka's trade dynamics, economic competitiveness, and ability to drive growth through international commerce.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Central Bank of Sri Lanka based on national accounts and trade statistics.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this export volume data to evaluate Sri Lanka's trade position and inform decisions around economic policies and business strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a delay of approximately three months.
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Citation
U.S. Federal Reserve, External Trade: Volume of Exports of Goods and Services for Sri Lanka (LKATXRPCPPPT), retrieved from FRED.