Price Level of Exports for Niger
PLXCPPNEA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.61
Year-over-Year Change
-1.48%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Exports for Niger measures the changes in the prices of goods and services exported from Niger over time. This metric is crucial for understanding Niger's international trade competitiveness and the impact of exchange rate fluctuations on its export-oriented 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 Niger is an index that tracks the changes in the prices of goods and services exported from Niger to other countries. It provides valuable insights into the pricing dynamics of Niger's export sector, which is a key driver of its economic growth and foreign exchange earnings.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF) based on reported export values and volumes.
Historical Context
Policymakers and economists use this trend to assess Niger's export performance and competitiveness in global markets.
Key Facts
- The base year for the Price Level of Exports for Niger is 2015.
- Niger's main export commodities include uranium, gold, livestock, and agricultural products.
- The Price Level of Exports for Niger has been on a downward trend since 2014.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Exports for Niger measures the changes in the prices of goods and services exported from Niger over time. It provides insights into the pricing dynamics of Niger's export sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding Niger's international trade competitiveness and the impact of exchange rate fluctuations on its export-oriented industries, which are key drivers of economic growth and foreign exchange earnings.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund (IMF) based on reported export values and volumes.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess Niger's export performance and competitiveness in global markets, which informs trade and exchange rate policies.
Q: Are there update delays or limitations?
A: The Price Level of Exports for Niger data may be subject to periodic updates and revisions by the IMF, and there may be lags in the availability of the most recent data.
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Citation
U.S. Federal Reserve, Price Level of Exports for Niger (PLXCPPNEA670NRUG), retrieved from FRED.