Price Level of Exports for Bahamas
PLXCPPBSA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.74
Year-over-Year Change
18.18%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Exports for Bahamas measures the overall price changes of goods and services exported from the Bahamas. This indicator is crucial for understanding the country's trade competitiveness and international economic position.
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 Bahamas is an index that tracks the changes in export prices over time. It provides insight into the cost-competitiveness of Bahamian exports and can help identify shifts in the country's trade dynamics with global partners.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources.
Historical Context
Policymakers and trade analysts closely monitor this index to assess the Bahamas' export performance and inform trade policy decisions.
Key Facts
- The base year for the Price Level of Exports index is 2012.
- Exports account for a significant portion of the Bahamas' GDP.
- Fluctuations in the index can signal changes in the Bahamas' trade position.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Exports for Bahamas measures the overall changes in prices of goods and services exported from the Bahamas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the cost-competitiveness of Bahamian exports, which is crucial for understanding the country's trade dynamics and economic position.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts closely monitor this index to assess the Bahamas' export performance and inform trade policy decisions.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, but there may be some update delays or limitations depending on data availability.
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Citation
U.S. Federal Reserve, Price Level of Exports for Bahamas (PLXCPPBSA670NRUG), retrieved from FRED.