Price Level of Exports for Kenya
PLXCPPKEA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.66
Year-over-Year Change
8.71%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Exports for Kenya measures changes in the prices of Kenyan exports over time. This metric is important for economists and policymakers to assess the competitiveness of Kenyan exports 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 Kenya is an index that tracks the average price changes of goods and services exported from Kenya. It provides insights into the purchasing power and trade dynamics of the Kenyan economy relative to its trading partners.
Methodology
The data is collected by Kenya's National Bureau of Statistics through surveys of exporting firms.
Historical Context
This trend is closely monitored by the Central Bank of Kenya and the Ministry of Trade and Industry to inform export promotion strategies and exchange rate policies.
Key Facts
- Kenya is the largest economy in East Africa.
- Exports account for approximately 15% of Kenya's GDP.
- The top Kenyan exports are tea, coffee, and horticultural products.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Exports for Kenya measures changes in the average prices of goods and services exported from the country over time.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the competitiveness of Kenyan exports, which is crucial for the country's economic growth and trade performance.
Q: How is this data collected or calculated?
A: The data is collected by Kenya's National Bureau of Statistics through surveys of exporting firms.
Q: How is this trend used in economic policy?
A: The Central Bank of Kenya and the Ministry of Trade and Industry monitor this trend to inform export promotion strategies and exchange rate policies.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in capturing all export transactions.
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Citation
U.S. Federal Reserve, Price Level of Exports for Kenya (PLXCPPKEA670NRUG), retrieved from FRED.