Price Level of Imports for Bhutan
PLMCPPBTA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.60
Year-over-Year Change
7.19%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Imports for Bhutan measures the change in the price of goods and services imported into Bhutan over time. This metric is important for analyzing Bhutan's international trade dynamics and economic conditions.
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 Bhutan index tracks the evolution of import prices, providing insight into the cost of goods flowing into the Bhutanese economy. Economists and policymakers use this data to assess the country's trade balance, domestic inflation pressures, and overall economic competitiveness.
Methodology
The data is calculated based on price surveys of a representative basket of imported goods and services.
Historical Context
This import price index is a key indicator for Bhutan's central bank and trade ministry in formulating monetary and commercial policies.
Key Facts
- Bhutan is a small, landlocked country in South Asia.
- Imports account for over 50% of Bhutan's GDP.
- Rising import prices can contribute to domestic inflation.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Bhutan index tracks changes in the prices of goods and services imported into the Bhutanese economy over time.
Q: Why is this trend relevant for users or analysts?
A: This import price index provides important insights into Bhutan's trade dynamics, domestic inflation pressures, and overall economic competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated based on price surveys of a representative basket of imported goods and services.
Q: How is this trend used in economic policy?
A: Bhutan's central bank and trade ministry use this import price index in formulating monetary and commercial policies.
Q: Are there update delays or limitations?
A: The data is subject to potential delays in collection and reporting by Bhutanese authorities.
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Citation
U.S. Federal Reserve, Price Level of Imports for Bhutan (PLMCPPBTA670NRUG), retrieved from FRED.