Share of Merchandise Imports at Current Purchasing Power Parities for Burundi

Q: What does this economic trend measure?

A: This trend measures the share of Burundi's total economic output (GDP) that is accounted for by its merchandise imports. It provides insight into the country's level of trade integration and dependence on foreign goods.

Q: Why is this trend relevant for users or analysts?

A: This metric is important for evaluating Burundi's trade dynamics, economic openness, and exposure to external factors. It is closely watched by policymakers, international organizations, and investors to assess the country's economic performance and development.

Q: How is this data collected or calculated?

A: The data is calculated by the World Bank using official statistics on Burundi's merchandise imports and gross domestic product (GDP) based on purchasing power parity (PPP) exchange rates.

Q: How is this trend used in economic policy?

A: This indicator is used by economists, policymakers, and international institutions to evaluate Burundi's trade integration, assess its exposure to external shocks, and inform policy decisions related to trade, industrial development, and economic diversification.

Q: Are there update delays or limitations?

A: The data is published annually by the World Bank with a lag of approximately one year. There may be limitations in data collection and reliability due to Burundi's economic and political challenges.