Price Level of Imports for Croatia
PLMCPPHRA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.55
Year-over-Year Change
-4.02%
Date Range
1/1/1990 - 1/1/2019
Summary
The Price Level of Imports for Croatia is an economic indicator that measures the average price level of goods and services imported into Croatia. It provides insights into Croatia's international trade and the competitiveness of its domestic economy.
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 Croatia is an index that tracks the changes in the prices of goods and services imported into the country over time. It is used to analyze Croatia's trade balance, inflation pressures, and the overall health of its economy in relation to international markets.
Methodology
The data is collected and calculated by the Croatian Bureau of Statistics using a weighted average of import prices.
Historical Context
This trend is relevant for policymakers, economists, and businesses to assess Croatia's economic performance and competitiveness in the global marketplace.
Key Facts
- Croatia is a member of the European Union (EU).
- The Price Level of Imports for Croatia has been tracked since 1995.
- Imports account for a significant portion of Croatia's GDP.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Croatia measures the average price level of goods and services imported into the country. It is an index that tracks changes in import prices over time.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into Croatia's international trade, inflation pressures, and the overall competitiveness of its domestic economy compared to global markets.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Croatian Bureau of Statistics using a weighted average of import prices.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses use this trend to assess Croatia's economic performance and competitiveness in the global marketplace, which can inform trade, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The Price Level of Imports for Croatia is published regularly by the Croatian Bureau of Statistics, but there may be some delays in data availability due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Price Level of Imports for Croatia (PLMCPPHRA670NRUG), retrieved from FRED.