Price Level of Exports for the former Yugoslav Republic of Macedonia
PLXCPPMKA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.65
Year-over-Year Change
13.19%
Date Range
1/1/1990 - 1/1/2019
Summary
The Price Level of Exports for the former Yugoslav Republic of Macedonia is an economic indicator that measures the price changes of Macedonian exports over time. It is an important metric for assessing the competitiveness of Macedonian goods in international 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
This index tracks the purchasing power of Macedonian exports compared to a base year. It provides insights into the price dynamics of Macedonia's export products and helps policymakers and businesses evaluate the country's trade performance and global market positioning.
Methodology
The data is calculated by the Federal Reserve based on national export price indices reported by the Macedonian government.
Historical Context
This trend is closely monitored by Macedonian trade authorities and international economic organizations to gauge the nation's export competitiveness.
Key Facts
- The base year for the index is 2010.
- Macedonia is a small, open economy heavily reliant on exports.
- The index has shown moderate volatility over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Exports for the former Yugoslav Republic of Macedonia measures the changes in prices of Macedonian export goods over time, providing insights into the country's export competitiveness.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator for evaluating Macedonia's trade performance and global market positioning, which is crucial for policymakers, businesses, and international economic organizations.
Q: How is this data collected or calculated?
A: The data is calculated by the Federal Reserve based on national export price indices reported by the Macedonian government.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by Macedonian trade authorities and international economic organizations to gauge the nation's export competitiveness and inform trade policies and business strategies.
Q: Are there update delays or limitations?
A: The data is published with a short lag, and the index may not fully capture all factors affecting Macedonian export prices.
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Citation
U.S. Federal Reserve, Price Level of Exports for the former Yugoslav Republic of Macedonia (PLXCPPMKA670NRUG), retrieved from FRED.