Price Level of Exports for Iraq
PLXCPPIQA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.55
Year-over-Year Change
20.21%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Exports for Iraq measures changes in the prices of goods and services exported from Iraq. It is an important indicator for understanding Iraq's trade dynamics and competitiveness in global markets.
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 Iraq is an index that tracks the overall price changes of goods and services exported from Iraq. It is used by economists and policymakers to analyze trends in Iraq's export sector and evaluate the country's export competitiveness relative to other nations.
Methodology
The data is collected and calculated by the International Monetary Fund based on Iraq's export price and volume information.
Historical Context
Trends in the Price Level of Exports for Iraq can inform trade and economic policies aimed at promoting Iraqi exports and diversifying the country's economy.
Key Facts
- The base year for the Price Level of Exports for Iraq index is 2016.
- Iraq's main export commodities include crude oil, refined petroleum products, and minerals.
- Fluctuations in the export price index can impact Iraq's trade balance and foreign exchange earnings.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Exports for Iraq measures changes in the overall prices of goods and services exported from Iraq. It tracks the competitiveness of Iraqi exports in global markets.
Q: Why is this trend relevant for users or analysts?
A: Trends in the Price Level of Exports for Iraq are relevant for understanding Iraq's trade dynamics, evaluating the country's export competitiveness, and informing trade and economic policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund based on Iraq's export price and volume information.
Q: How is this trend used in economic policy?
A: Trends in the Price Level of Exports for Iraq can inform trade and economic policies aimed at promoting Iraqi exports and diversifying the country's economy.
Q: Are there update delays or limitations?
A: There may be some delays in the availability of the latest data due to the time required for collection and reporting by the International Monetary Fund.
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Citation
U.S. Federal Reserve, Price Level of Exports for Iraq (PLXCPPIQA670NRUG), retrieved from FRED.