Price Level of Exports for Sierra Leone
PLXCPPSLA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.47
Year-over-Year Change
-23.83%
Date Range
1/1/1961 - 1/1/2019
Summary
The Price Level of Exports for Sierra Leone measures the relative price changes of exported goods and services from Sierra Leone over time. This trend is crucial for understanding the country's international trade competitiveness and ability to access 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 Sierra Leone represents an index that tracks the average prices of a basket of exported goods and services from the country. It serves as an important indicator for Sierra Leone's export sector, providing insights into the country's price-based export competitiveness and trade dynamics.
Methodology
The data is calculated by the International Monetary Fund based on official government trade statistics.
Historical Context
Policymakers and economists use this trend to assess Sierra Leone's export performance and guide trade, exchange rate, and economic development policies.
Key Facts
- Sierra Leone is a West African country with a primarily agricultural and mineral-based economy.
- Exports account for a significant portion of Sierra Leone's GDP, with key products including diamonds, rutile, and agricultural commodities.
- The Price Level of Exports index is published quarterly by the IMF.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Exports for Sierra Leone measures the average prices of goods and services exported from the country, providing an index of its export price competitiveness.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding Sierra Leone's export performance and international trade dynamics, which are crucial for the country's economic development and integration into the global economy.
Q: How is this data collected or calculated?
A: The data is calculated by the International Monetary Fund based on official government trade statistics from Sierra Leone.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess Sierra Leone's export competitiveness and guide trade, exchange rate, and economic development policies to support the country's export sector.
Q: Are there update delays or limitations?
A: The Price Level of Exports for Sierra Leone is published quarterly by the IMF, with a potential delay of several months between the reference period and the release of the data.
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Citation
U.S. Federal Reserve, Price Level of Exports for Sierra Leone (PLXCPPSLA670NRUG), retrieved from FRED.