St. Vincent and the Grenadines - Real effective exchange rate index (2010 = 100)

The value for Real effective exchange rate index (2010 = 100) in St. Vincent and the Grenadines was 99.74 as of 2021. As the graph below shows, over the past 42 years this indicator reached a maximum value of 128.21 in 1984 and a minimum value of 96.78 in 2011.

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
1979 112.08
1980 111.17
1981 117.54
1982 121.76
1983 126.17
1984 128.21
1985 126.99
1986 124.89
1987 119.16
1988 114.99
1989 125.24
1990 122.56
1991 117.38
1992 111.91
1993 119.56
1994 116.20
1995 109.99
1996 113.55
1997 114.67
1998 116.74
1999 116.53
2000 117.67
2001 119.06
2002 116.59
2003 108.12
2004 103.47
2005 101.35
2006 100.09
2007 98.18
2008 99.14
2009 102.52
2010 100.00
2011 96.78
2012 99.76
2013 98.59
2014 97.72
2015 103.07
2016 104.20
2017 104.20
2018 103.96
2019 105.92
2020 103.58
2021 99.74

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