The Impact of GDP, Geographic Region, and Development Status on Commodity Export Price Index: A Comprehensive Multivariate Analysis

This study investigates the trends and determinants of the Commodity Export Price Index across four major regions—Asia, Americas, Europe, and Africa—over ten years (2014-2023), distinguishing between developed and developing countries. Using descriptive statistics, multivariate analyses, and graphical interpretations, the research reveals that GDP significantly impacts the Commodity Export Price Index, but its effect varies by region. Asia, particularly developed countries, showed consistently higher indices, while developing countries in the Americas and Africa experienced significant variability, reflecting economic vulnerability. During global disruptions like COVID-19, a temporary convergence in export prices occurred, but long-term trends indicate region-specific patterns. The study concludes that development status alone cannot explain these variations, suggesting the need for tailored regional strategies.