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Metadata Glossary
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World Development Indicators was updated on March 28, 2024
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Metadata Glossary
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Code
5.04.01.02.impexp
Indicator Name
Import and Export Price Indexes
Short definition
Import and export price indexes measure changes in the price of goods and services in international trade. They are used to deflate the value of imports and exports.
Long definition
Import and export price indexes measure changes in the price of goods and services in international trade. They are used to deflate the value of imports and exports. Import price index is also used as an indicator of future domestic inflation.
Source
IMF: International Financial Statistics (IFS). Series 74, 75, or/and 76.
Topic
Statistical Capacity Indicator (SCI)
Statistical concept and methodology
Score is 1 if the index is available monthly or quarterly. For assessment it will be looked back 8 years starting 3 years before current year.
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