Price Level of Imports for Albania
PLMCPPALA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.53
Year-over-Year Change
6.59%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Imports for Albania measures the overall price changes of goods and services imported into Albania. This metric is crucial for understanding Albania's trade dynamics and the competitiveness of its domestic industries.
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
The Price Level of Imports for Albania tracks the price changes of a basket of imported goods and services over time. This index is used by economists and policymakers to analyze the impact of exchange rates, trade policies, and global market conditions on Albania's imports and overall economic performance.
Methodology
The data is collected by Albania's national statistical agency through surveys of import transactions.
Historical Context
Monitoring the price level of imports is important for Albania's monetary and trade policy decisions.
Key Facts
- Albania is a net importer of goods and services.
- Imports account for over 50% of Albania's GDP.
- The price level of imports influences Albania's inflation rate.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Albania measures the overall price changes of goods and services imported into the country over time.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding Albania's trade dynamics, the competitiveness of its domestic industries, and the impact of exchange rates and trade policies on its economy.
Q: How is this data collected or calculated?
A: The data is collected by Albania's national statistical agency through surveys of import transactions.
Q: How is this trend used in economic policy?
A: Monitoring the price level of imports is important for Albania's monetary and trade policy decisions, as it affects the country's inflation, competitiveness, and overall economic performance.
Q: Are there update delays or limitations?
A: The data is published regularly by the national statistical agency, but there may be some delays in reporting due to the time required to collect and process the import transaction information.
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Citation
U.S. Federal Reserve, Price Level of Imports for Albania (PLMCPPALA670NRUG), retrieved from FRED.