Price Level of Exports for Saint Vincent and the Grenadines
PLXCPPVCA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.62
Year-over-Year Change
-22.16%
Date Range
1/1/1970 - 1/1/2019
Summary
The Price Level of Exports for Saint Vincent and the Grenadines measures the change in export prices over time. This trend is important for economists and policymakers to understand the competitiveness of the country's exports in 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
This economic indicator tracks the price movements of goods and services exported from Saint Vincent and the Grenadines. It is used to analyze the purchasing power and trade dynamics of the country's exports compared to other nations.
Methodology
The data is collected through surveys of export businesses and calculated as an index relative to a base year.
Historical Context
Policymakers use this trend to inform trade and exchange rate policies aimed at supporting the country's export sector.
Key Facts
- Saint Vincent and the Grenadines is a small island nation in the Caribbean.
- Exports account for over 50% of the country's GDP.
- The export price index is a key indicator of the country's global trade position.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Exports for Saint Vincent and the Grenadines measures the change in prices of goods and services exported from the country over time.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the competitiveness of Saint Vincent and the Grenadines' exports in global markets, which is critical for the country's economic growth and trade policy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of export businesses and calculated as an index relative to a base year.
Q: How is this trend used in economic policy?
A: Policymakers use this trend to inform trade and exchange rate policies aimed at supporting the country's export sector and improving its global competitiveness.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and potential limitations in survey coverage, which should be considered when interpreting the trend.
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Citation
U.S. Federal Reserve, Price Level of Exports for Saint Vincent and the Grenadines (PLXCPPVCA670NRUG), retrieved from FRED.