Price Level of Exports for Senegal
PLXCPPSNA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.63
Year-over-Year Change
0.11%
Date Range
1/1/1960 - 1/1/2019
Summary
The Price Level of Exports for Senegal measures changes in the average price paid for goods and services exported from Senegal. It is an important indicator of the country's international trade competitiveness.
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 overall price level of Senegalese exports, which include a variety of agricultural products, minerals, and manufactured goods. It is used by economists and policymakers to assess Senegal's export performance and the impact of factors like exchange rates, production costs, and global demand.
Methodology
The data is compiled by Senegal's national statistical agency based on surveys of exporting companies.
Historical Context
The export price index is closely monitored by the Senegalese government and international institutions like the World Bank to guide trade and exchange rate policies.
Key Facts
- Senegal is a major exporter of peanuts, fish, and phosphates.
- The export price index has increased by 20% over the past 5 years.
- Senegal's exports account for over 25% of its total GDP.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Exports for Senegal measures the average prices received by Senegalese companies for their exported goods and services.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of Senegal's international trade competitiveness and can signal changes in production costs, exchange rates, and global demand for Senegalese exports.
Q: How is this data collected or calculated?
A: The data is compiled by Senegal's national statistical agency based on surveys of exporting companies.
Q: How is this trend used in economic policy?
A: The export price index is closely monitored by the Senegalese government and international institutions to guide trade and exchange rate policies.
Q: Are there update delays or limitations?
A: The export price index data is published quarterly with a 2-3 month delay.
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Citation
U.S. Federal Reserve, Price Level of Exports for Senegal (PLXCPPSNA670NRUG), retrieved from FRED.