Price Level of Exports for South Africa
PLXCPPZAA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.66
Year-over-Year Change
6.80%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Exports for South Africa measures changes in the prices of goods and services exported from South Africa. This key economic indicator provides insights into the country's trade competitiveness and can inform policy decisions.
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 South Africa is an index that tracks the relative prices of goods and services sold by South African producers to international buyers. It serves as an important barometer of the country's export price dynamics and international trade position.
Methodology
This index is calculated by the South African Reserve Bank based on export price data collected through surveys of exporting firms.
Historical Context
Policymakers and market analysts closely monitor the Price Level of Exports to assess South Africa's export competitiveness and the potential impact on the country's trade balance and economic growth.
Key Facts
- The base year for the Price Level of Exports index is 2015.
- South Africa is a major exporter of commodities, including gold, platinum, and agricultural products.
- Export prices can influence a country's trade balance and exchange rate dynamics.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Exports for South Africa measures changes in the prices of goods and services exported from South Africa. It serves as an indicator of the country's export price dynamics and international trade competitiveness.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into South Africa's export price dynamics, which can inform policy decisions and assessments of the country's trade position and economic performance.
Q: How is this data collected or calculated?
A: The South African Reserve Bank calculates the Price Level of Exports index based on export price data collected through surveys of exporting firms.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor the Price Level of Exports to assess South Africa's export competitiveness and the potential impact on the country's trade balance and economic growth.
Q: Are there update delays or limitations?
A: The Price Level of Exports for South Africa is published on a regular basis, but there may be occasional delays or revisions due to data collection and processing.
Related Trends
Price Level of Imports for Armenia
PLMCPPAMA670NRUG
Price Level of Imports for Switzerland
PLMCPPCHA670NRUG
Price Level of Capital Formation for Zimbabwe
PLICPPZWA670NRUG
Price Level of the Capital Stock for Djibouti
PLKCPPDJA670NRUG
Price Level of the Capital Stock for Brunei Darussalam
PLKCPPBNA670NRUG
Price Level of Household Consumption for the former Yugoslav Republic of Macedonia
PLCCPPMKA670NRUG
Citation
U.S. Federal Reserve, Price Level of Exports for South Africa (PLXCPPZAA670NRUG), retrieved from FRED.