Price Level of Exports for Mongolia
PLXCPPMNA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.62
Year-over-Year Change
6.28%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Exports for Mongolia measures changes in the average prices of goods and services exported from Mongolia. This trend is important for economists and policymakers to assess Mongolia's international competitiveness and trade dynamics.
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 Mongolia tracks the overall price changes of the country's exported products and services relative to a base year. This data point provides insight into Mongolia's export pricing and can inform trade negotiations, economic policy, and market analysis.
Methodology
The data is calculated based on Mongolia's customs records and price surveys.
Historical Context
Monitoring the price level of exports is crucial for understanding Mongolia's trade position and the impacts of factors like exchange rates, production costs, and global demand.
Key Facts
- Mongolia is a major exporter of minerals, agricultural products, and textiles.
- Export prices can impact Mongolia's trade balance and economic growth.
- Changes in the export price level reflect shifts in global demand and Mongolia's production costs.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Exports for Mongolia tracks the overall changes in prices of goods and services exported from the country.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insights into Mongolia's export competitiveness and can inform trade policy, market analysis, and economic forecasting.
Q: How is this data collected or calculated?
A: The data is calculated based on Mongolia's customs records and price surveys.
Q: How is this trend used in economic policy?
A: Monitoring export price levels is crucial for understanding Mongolia's trade position and informing policies related to exchange rates, production costs, and global demand.
Q: Are there update delays or limitations?
A: The data may be subject to periodic revisions and can be influenced by factors like currency fluctuations and changes in the composition of exported goods.
Related Trends
Price Level of Household Consumption for Philippines
PLCCPPPHA670NRUG
Price Level of Household Consumption for Albania
PLCCPPALA670NRUG
Price Level of Imports for Malaysia
PLMCPPMYA670NRUG
Price Level of Government Consumption for South Africa
PLGCPPZAA670NRUG
Price Level of Government Consumption for Iceland
PLGCPPISA670NRUG
Price Level of Capital Formation for Slovakia
PLICPPSKA670NRUG
Citation
U.S. Federal Reserve, Price Level of Exports for Mongolia (PLXCPPMNA670NRUG), retrieved from FRED.