Gabon - Real effective exchange rate index (2010 = 100)

The value for Real effective exchange rate index (2010 = 100) in Gabon was 104.27 as of 2021. As the graph below shows, over the past 41 years this indicator reached a maximum value of 223.68 in 1980 and a minimum value of 93.63 in 2015.

Definition: Real effective exchange rate is the nominal effective exchange rate (a measure of the value of a currency against a weighted average of several foreign currencies) divided by a price deflator or index of costs.

Source: International Monetary Fund, International Financial Statistics.

See also:

Year Value
1980 223.68
1981 199.22
1982 201.01
1983 197.85
1984 189.88
1985 195.85
1986 213.27
1987 209.49
1988 181.28
1989 214.22
1990 215.30
1991 167.66
1992 151.34
1993 146.72
1994 99.03
1995 109.47
1996 108.17
1997 106.36
1998 107.15
1999 102.15
2000 96.32
2001 96.45
2002 96.35
2003 101.02
2004 101.00
2005 101.85
2006 97.99
2007 102.36
2008 105.84
2009 106.58
2010 100.00
2011 98.17
2012 94.80
2013 96.13
2014 100.30
2015 93.63
2016 95.73
2017 97.66
2018 102.98
2019 102.73
2020 105.15
2021 104.27

Development Relevance: In a market-based economy, household, producer, and government choices about resource allocation are influenced by relative prices, including the real exchange rate, real wages, real interest rates, and other prices in the economy. Relative prices also largely reflect these agents' choices. Thus relative prices convey vital information about the interaction of economic agents in an economy and with the rest of the world.

Limitations and Exceptions: Because of conceptual and data limitations, changes in real effective exchange rates should be interpreted with caution.

Statistical Concept and Methodology: The real effective exchange rate is a nominal effective exchange rate index adjusted for relative movements in national price or cost indicators of the home country, selected countries, and the euro area. A nominal effective exchange rate index is the ratio (expressed on the base 2010 = 100) of an index of a currency's period-average exchange rate to a weighted geometric average of exchange rates for currencies of selected countries and the euro area. For most high-income countries weights are derived from industrial country trade in manufactured goods. Data are compiled from the nominal effective exchange rate index and a cost indicator of relative normalized unit labor costs in manufacturing. For selected other countries the nominal effective exchange rate index is based on manufactured goods and primary products trade with partner or competitor countries. For these countries the real effective exchange rate index is the nominal index adjusted for relative changes in consumer prices; an increase represents an appreciation of the local currency.

Base Period: 2010

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices