National Gross Domestic Product by Income and by Expenditure Accounts

Index of real exchange rate, index

Index refers to the variation of, for example, prices or wages as compared with a chosen base period. The base period is often represented by 100. The index acts as a statistical yardstick which is expressed in terms of percentages. Thus, an index number of 146 would indicate that the current period is 46% higher than in the base period.

Real Exchange rate refers to the price of a nation's currency in terms of another currency, adjusted for inflation.

The data for this variable are reported using the following measurements:

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