Price Level of Exports for Belgium
PLXCPPBEA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.67
Year-over-Year Change
4.47%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Exports for Belgium measures changes in the prices of goods and services exported from Belgium. This metric is important for analyzing Belgium's international trade and 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 Exports for Belgium is an index that tracks the average price of goods and services exported from Belgium. It provides insight into the cost-competitiveness of Belgian exports in global markets and can inform policymakers on trade, exchange rate, and economic strategies.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of Belgian exporting firms.
Historical Context
This index is closely watched by economists, policymakers, and market analysts to gauge Belgium's trade dynamics and macroeconomic performance.
Key Facts
- Belgium is a major exporter, with exports accounting for over 80% of its GDP.
- The Price Level of Exports for Belgium uses 2012 as the base year with an index value of 100.
- Export prices rose by 2.5% in 2021 compared to the previous year.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Exports for Belgium measures the average prices of goods and services exported from the country. It tracks changes in the cost-competitiveness of Belgian exports.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into Belgium's international trade dynamics and macroeconomic performance. It is closely monitored by economists, policymakers, and market participants.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of Belgian exporting firms.
Q: How is this trend used in economic policy?
A: The Price Level of Exports for Belgium is used by policymakers and analysts to assess the country's trade competitiveness and inform decisions on trade, exchange rate, and economic strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of approximately three months.
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Citation
U.S. Federal Reserve, Price Level of Exports for Belgium (PLXCPPBEA670NRUG), retrieved from FRED.