The import prices index follows the increase or decrease in the prices paid for goods imported to a host country. The figure is important in relation to the trade balance. Trade balance indicates the difference between exports and imports. Trade balance is one of the major compositions of a country
Import Prices
Related Terms
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GDP stands for Gross Domestic Product. GDP is the total value of the goods and services produced in a country over a specified period. It is one of the most comprehensive and closely watched...
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Trade Balance measures the difference in value between imported and exported goods and services. It is the largest component of a country’s balance of payments (BOP). The trade balance or “balance...
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Free trade, in theory, is the ideal situation in which individuals and companies in different countries can buy and sell goods to and from each other without any interference from governments. Free...
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