Price Level of Exports for Austria
PLXCPPATA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.68
Year-over-Year Change
5.39%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Exports for Austria measures the overall change in export prices for goods and services in Austria. This trend is a key indicator for understanding Austria's international trade competitiveness and export performance.
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 Austria tracks the evolution of prices for a representative basket of Austrian export products and services. It provides insight into Austria's price dynamics in global markets, which can impact the country's trade balance, economic growth, and international standing.
Methodology
The data is collected by the Austrian Federal Statistical Office through surveys of exporting businesses.
Historical Context
Policymakers and analysts use this trend to assess Austria's export price competitiveness and inform trade, monetary, and fiscal policies.
Key Facts
- Austria is a major exporter of machinery, vehicles, and chemical products.
- Export prices account for over 50% of Austria's GDP.
- The Price Level of Exports has risen steadily over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Exports for Austria measures the overall change in export prices for goods and services originating from Austria.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into Austria's international trade competitiveness and the price dynamics of its export products, which are important for understanding the country's economic performance and trade balance.
Q: How is this data collected or calculated?
A: The data is collected by the Austrian Federal Statistical Office through surveys of exporting businesses.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Austria's export price competitiveness and inform trade, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published on a regular basis with minimal delays, providing timely insights into Austria's export price dynamics.
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Citation
U.S. Federal Reserve, Price Level of Exports for Austria (PLXCPPATA670NRUG), retrieved from FRED.