Price Level of Imports for Belgium
PLMCPPBEA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.61
Year-over-Year Change
1.83%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Imports for Belgium measures the overall price changes of imported goods and services into the Belgian economy. This key economic indicator provides insights into Belgium's international trade dynamics and 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
The Price Level of Imports for Belgium tracks the price changes of a representative basket of imported goods and services over time. It is an important measure of Belgium's trade position and can influence policy decisions related to exchange rates, tariffs, and economic integration.
Methodology
The data is compiled by the U.S. Bureau of Economic Analysis based on surveys of import transactions.
Historical Context
Policymakers and analysts use this trend to assess Belgium's import costs, trade balance, and overall economic health.
Key Facts
- Belgium is a major importer, with imports accounting for over 80% of its GDP.
- The Price Level of Imports has risen by over 20% since 2015.
- Import prices are a key driver of Belgium's consumer price inflation.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Belgium measures the overall price changes of goods and services imported into the Belgian economy.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Belgium's international trade position, competitiveness, and the cost pressures facing its domestic economy.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Bureau of Economic Analysis based on surveys of import transactions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Belgium's import costs, trade balance, and overall economic health, which can inform decisions on exchange rates, tariffs, and trade agreements.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a lag of several months.
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Citation
U.S. Federal Reserve, Price Level of Imports for Belgium (PLMCPPBEA670NRUG), retrieved from FRED.