Price Level of Exports for Albania
PLXCPPALA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.63
Year-over-Year Change
14.17%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Exports for Albania is an economic indicator that measures the average price of goods and services exported from Albania. It provides insight into the country's international trade competitiveness and cost of living.
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 Exports for Albania tracks the changes in the prices of goods and services that Albania sells to other countries. It is an important metric for assessing the country's export-oriented industries and their ability to compete globally.
Methodology
The data is calculated by the International Monetary Fund based on national accounts and trade statistics.
Historical Context
This trend is closely monitored by policymakers, businesses, and economists to gauge Albania's economic performance and trade dynamics.
Key Facts
- Albania is a small, open economy heavily reliant on exports.
- The price level of exports is a key indicator of the country's trade performance.
- Export prices affect Albania's international competitiveness and ability to attract foreign investment.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Exports for Albania measures the average price of goods and services exported from the country. It provides insight into the competitiveness of Albania's export industries.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding Albania's international trade dynamics, economic competitiveness, and the cost of living in the country.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund based on national accounts and trade statistics.
Q: How is this trend used in economic policy?
A: Policymakers, businesses, and economists closely monitor this trend to assess Albania's export performance and make informed decisions about trade, investment, and economic policies.
Q: Are there update delays or limitations?
A: The data is published regularly by the International Monetary Fund, but there may be some delays in reporting due to the time required for data collection and analysis.
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Citation
U.S. Federal Reserve, Price Level of Exports for Albania (PLXCPPALA670NRUG), retrieved from FRED.