External Trade: Volume of Imports of Goods and Services for Solomon Islands
SLBTMRPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.65
Year-over-Year Change
172.56%
Date Range
1/1/2016 - 1/1/2024
Summary
This economic trend measures the volume of imports of goods and services for Solomon Islands, providing insights into the country's international trade activity and economic integration.
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 External Trade: Volume of Imports of Goods and Services for Solomon Islands tracks the quantity of imported products and services, rather than their monetary value. This metric is useful for economists and policymakers to assess the nation's participation in global supply chains and dependence on foreign resources.
Methodology
The data is collected and calculated by the Solomon Islands National Statistics Office.
Historical Context
This import volume trend is crucial for understanding Solomon Islands' trade balance, competitiveness, and overall economic performance.
Key Facts
- Solomon Islands is an archipelago nation in the South Pacific.
- Imports account for a significant portion of the country's GDP.
- The import volume trend is an important economic indicator for policymakers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the volume, or quantity, of goods and services imported into Solomon Islands, rather than the monetary value of those imports.
Q: Why is this trend relevant for users or analysts?
A: This import volume trend provides insights into Solomon Islands' participation in global trade, reliance on foreign resources, and overall economic integration.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Solomon Islands National Statistics Office.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this import volume trend to assess Solomon Islands' trade balance, competitiveness, and overall economic performance.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates or revisions by the Solomon Islands National Statistics Office.
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Citation
U.S. Federal Reserve, External Trade: Volume of Imports of Goods and Services for Solomon Islands (SLBTMRPCPPPT), retrieved from FRED.