Price Level of Imports for Viet Nam
PLMCPPVNA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.68
Year-over-Year Change
18.93%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Imports for Viet Nam measures the cost of goods and services imported into the Vietnamese economy. This metric is a key indicator of the country's trade dynamics and international 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 Viet Nam is an index that tracks the cost of a basket of imported products and services. It is used by economists and policymakers to assess the inflationary pressures and trade balance of the Vietnamese economy.
Methodology
The data is collected through surveys of importers and compiled by the General Statistics Office of Viet Nam.
Historical Context
Trends in the price level of imports are closely monitored by the State Bank of Viet Nam and influence its monetary policy decisions.
Key Facts
- The base year for the index is 2010.
- Viet Nam is a major importer of machinery, fuels, and raw materials.
- Import prices affect the cost of living and production costs in Viet Nam.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Imports for Viet Nam measures the overall cost of goods and services imported into the Vietnamese economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing Vietnam's trade balance, international competitiveness, and inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected through surveys of importers and compiled by the General Statistics Office of Viet Nam.
Q: How is this trend used in economic policy?
A: The State Bank of Viet Nam closely monitors import price trends to inform its monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a slight delay, and may not capture all imported goods and services.
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Citation
U.S. Federal Reserve, Price Level of Imports for Viet Nam (PLMCPPVNA670NRUG), retrieved from FRED.