Price Level of Exports for Turkey
PLXCPPTRA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.67
Year-over-Year Change
11.90%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Exports for Turkey measures the overall price changes of goods and services exported from Turkey. This economic indicator is important for analyzing Turkey's international trade competitiveness and the impact of exchange rate fluctuations.
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 Turkey is an index that tracks the average change in prices for Turkish exports over time. It is used to assess the cost-competitiveness of Turkish products in global markets and the potential impact on export demand.
Methodology
The data is collected and calculated by the Turkish Statistical Institute using a weighted basket of exported goods and services.
Historical Context
This export price index is closely monitored by Turkish policymakers and international trade analysts to gauge the country's economic performance and trade dynamics.
Key Facts
- Turkey is a major exporter of goods including vehicles, machinery, and agricultural products.
- Export prices can influence a country's trade balance and exchange rate movements.
- Monitoring export prices helps policymakers assess the international competitiveness of domestic industries.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Exports for Turkey measures the overall changes in prices for goods and services exported from Turkey over time.
Q: Why is this trend relevant for users or analysts?
A: This export price index is important for analyzing Turkey's international trade competitiveness and the potential impact of exchange rate fluctuations on Turkish exports.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Turkish Statistical Institute using a weighted basket of exported goods and services.
Q: How is this trend used in economic policy?
A: This export price index is closely monitored by Turkish policymakers and international trade analysts to gauge the country's economic performance and trade dynamics.
Q: Are there update delays or limitations?
A: The Price Level of Exports for Turkey data is published on a regular basis with minimal delays, providing timely insights into Turkey's trade environment.
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Citation
U.S. Federal Reserve, Price Level of Exports for Turkey (PLXCPPTRA670NRUG), retrieved from FRED.