Price Level of Exports for Sudan
PLXCPPSDA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.73
Year-over-Year Change
53.51%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Exports for Sudan measures the price dynamics of Sudanese exports. This metric is crucial for understanding Sudan's trade competitiveness and ability to generate foreign exchange earnings.
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 Sudan is an index that tracks the average prices of goods and services exported from Sudan. It provides insights into the relative prices of Sudanese exports compared to the global market, which is important for assessing the country's export competitiveness and trade dynamics.
Methodology
The data is collected by the Sudanese Central Bureau of Statistics and calculated based on export price surveys.
Historical Context
Policymakers and economists use this metric to evaluate Sudan's export performance and guide trade and exchange rate policies.
Key Facts
- The base year for the Price Level of Exports for Sudan is 2015.
- Exports account for a significant portion of Sudan's GDP.
- Fluctuations in the export price index can impact Sudan's trade balance and foreign exchange reserves.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Exports for Sudan measures the average prices of goods and services exported from Sudan, providing insights into the country's export competitiveness.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding Sudan's trade dynamics and ability to generate foreign exchange earnings, which is important for policymakers and economists analyzing the country's economic performance.
Q: How is this data collected or calculated?
A: The data is collected by the Sudanese Central Bureau of Statistics and calculated based on export price surveys.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate Sudan's export performance and guide trade and exchange rate policies.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting or revisions by the Sudanese authorities.
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Citation
U.S. Federal Reserve, Price Level of Exports for Sudan (PLXCPPSDA670NRUG), retrieved from FRED.