External Trade: Volume of Exports of Goods and Services for Philippines
PHLTXRPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.10
Year-over-Year Change
-52.86%
Date Range
1/1/2016 - 1/1/2024
Summary
The 'External Trade: Volume of Exports of Goods and Services for Philippines' trend measures the volume of goods and services exported from the Philippine economy. This metric is a key indicator of a country's international trade and economic performance.
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 trend represents the real volume of exports from the Philippines, accounting for changes in prices over time. It is an important barometer of the country's global competitiveness and ability to generate foreign revenue through trade.
Methodology
The data is calculated based on reports and surveys from the Philippine Statistics Authority.
Historical Context
Policymakers and analysts monitor this export volume trend to assess the Philippines' economic conditions and trade policies.
Key Facts
- The Philippines is one of the fastest-growing export economies in Southeast Asia.
- Exports account for over 30% of the Philippines' GDP.
- Electronics and machinery are the Philippines' top export products.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real volume of goods and services exported from the Philippine economy, adjusting for price changes over time.
Q: Why is this trend relevant for users or analysts?
A: The export volume trend is a key indicator of the Philippines' international trade performance and economic competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the Philippine Statistics Authority based on reports and surveys of the country's export activities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor the export volume trend to assess the Philippines' economic conditions and evaluate the effectiveness of trade policies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical 1-2 month delay in availability.
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Citation
U.S. Federal Reserve, External Trade: Volume of Exports of Goods and Services for Philippines (PHLTXRPCPPPT), retrieved from FRED.