Statistical Terms

URL Copy Print

Definition	Compiled to measure, in advance, the overall change in the price of import¡¤export goods and effects of such a change on domestic prices
Commentary	In case of Korean economy which relies heavily on external factors, it is compiled to measure, in advance, the overall change in the price of import¡¤export goods and effects of such a change on domestic prices, production activities, foreign competitions, etc. It identifies fluctuations of exporting companies' profits and pressures on import cost. It is also used in measuring terms of trade by comparing the export and import price indexes.
Source	KOSTAT (Social Indicators of Korea)