Price Level of Exports for Ecuador
PLXCPPECA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.59
Year-over-Year Change
11.87%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Exports for Ecuador measures the overall price changes of goods and services exported from Ecuador. This metric is crucial for understanding Ecuador's international trade competitiveness and the dynamics of its exporting industries.
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 Ecuador is an index that tracks the relative cost of goods and services produced in Ecuador and sold internationally. Economists and policymakers use this data to assess Ecuador's export price trends and their impact on the country's trade balance and exchange rate.
Methodology
The data is calculated by the World Bank based on national accounts and trade statistics.
Historical Context
This metric provides insight into Ecuador's export price dynamics, which are relevant for trade negotiations, economic policy decisions, and investment analysis.
Key Facts
- Ecuador is a major exporter of agricultural products, oil, and minerals.
- The price level of exports can impact Ecuador's trade balance and exchange rate.
- Tracking export prices is crucial for evaluating Ecuador's international competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Exports for Ecuador measures the overall price changes of goods and services exported from Ecuador.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding Ecuador's international trade competitiveness and the dynamics of its exporting industries.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on national accounts and trade statistics.
Q: How is this trend used in economic policy?
A: This metric provides insight into Ecuador's export price dynamics, which are relevant for trade negotiations, economic policy decisions, and investment analysis.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and limitations of the World Bank's reporting.
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Citation
U.S. Federal Reserve, Price Level of Exports for Ecuador (PLXCPPECA670NRUG), retrieved from FRED.