Price Level of Exports for the Democratic Republic of the Congo
PLXCPPCDA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.65
Year-over-Year Change
6.87%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Exports for the Democratic Republic of the Congo measures changes in the prices of goods and services exported from the country. This indicator is crucial for understanding the nation's trade competitiveness and economic 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 index tracks the relative prices of exported products from the Democratic Republic of the Congo. It serves as an important metric for evaluating the country's export-driven economic growth and international trade dynamics.
Methodology
The data is collected and calculated by the World Bank based on national accounts and foreign trade statistics.
Historical Context
Policymakers and economists use this index to assess the Congo's export-sector competitiveness and guide trade and exchange rate policies.
Key Facts
- The base year for the Price Level of Exports index is 2010 = 100.
- Exports account for over 25% of the Democratic Republic of the Congo's GDP.
- The index experienced significant volatility due to political and economic instability.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Exports for the Democratic Republic of the Congo measures changes in the prices of goods and services exported from the country.
Q: Why is this trend relevant for users or analysts?
A: This indicator is crucial for understanding the nation's trade competitiveness and economic performance, as exports play a major role in the Congolese economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts and foreign trade statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess the Congo's export-sector competitiveness and guide trade and exchange rate policies.
Q: Are there update delays or limitations?
A: The index has experienced significant volatility due to political and economic instability in the Democratic Republic of the Congo.
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Citation
U.S. Federal Reserve, Price Level of Exports for the Democratic Republic of the Congo (PLXCPPCDA670NRUG), retrieved from FRED.