Share of Merchandise Imports at Current Purchasing Power Parities for Belgium
CSHMCPBEA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.36
Year-over-Year Change
-0.68%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic indicator measures the share of Belgium's merchandise imports at current purchasing power parities. It provides insights into the country's international trade and competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The share of merchandise imports at current purchasing power parities for Belgium reflects the relative importance of imported goods in the country's overall economic activity. This metric is used by economists and policymakers to analyze trade patterns, cost of living, and the country's position in global supply chains.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using national accounts and trade statistics.
Historical Context
This trend is relevant for assessing Belgium's international economic integration and the impact of trade policies on consumer prices and business operations.
Key Facts
- Belgium's merchandise import share was 36.7% in 2020.
- The import share has increased from 32.8% in 2010.
- Belgium is a highly open economy with a large trade-to-GDP ratio.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the share of Belgium's total merchandise imports in its overall economic activity, adjusted for purchasing power differences.
Q: Why is this trend relevant for users or analysts?
A: The import share provides insights into Belgium's international trade dependence, competitiveness, and exposure to global economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using national accounts and trade statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Belgium's trade position, the impact of trade policies, and the country's integration into global supply chains.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for Belgium (CSHMCPBEA156NRUG), retrieved from FRED.