Price Level of Exports for Trinidad and Tobago
PLXCPPTTA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.49
Year-over-Year Change
-5.99%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Exports for Trinidad and Tobago measures the general price changes of goods and services exported from Trinidad and Tobago. This metric is important for analyzing the country's international trade competitiveness and inflationary pressures.
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 Trinidad and Tobago is an index that tracks the change in prices of goods and services exported from the country over time. This measure is useful for economists and policymakers to assess the competitiveness of Trinidad and Tobago's exports in global markets and understand potential inflationary impacts.
Methodology
The data is collected through surveys of exporting businesses and calculated as an index relative to a base year.
Historical Context
This export price index is used by analysts to monitor Trinidad and Tobago's trade balance and exchange rate policy.
Key Facts
- Trinidad and Tobago is a major exporter of energy products.
- The export price index uses 2010 as the base year.
- Export prices have risen over 70% since 2010.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Exports for Trinidad and Tobago measures the change in general prices of goods and services exported from the country over time.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for analyzing Trinidad and Tobago's international trade competitiveness and inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected through surveys of exporting businesses and calculated as an index relative to a base year.
Q: How is this trend used in economic policy?
A: The export price index is used by analysts to monitor Trinidad and Tobago's trade balance and exchange rate policy.
Q: Are there update delays or limitations?
A: The data is updated periodically by the U.S. Federal Reserve but may have some publication delays.
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Citation
U.S. Federal Reserve, Price Level of Exports for Trinidad and Tobago (PLXCPPTTA670NRUG), retrieved from FRED.