Share of Merchandise Imports at Current Purchasing Power Parities for Benin
CSHMCPBJA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.13
Year-over-Year Change
-18.65%
Date Range
1/1/1959 - 1/1/2019
Summary
This economic trend measures the share of merchandise imports in Benin's economy based on current purchasing power parity (PPP) exchange rates. It provides insight into Benin's international trade and economic integration.
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 Benin tracks the value of imported goods and services as a percentage of Benin's gross domestic product (GDP). This metric is useful for analyzing Benin's trade balance, competitiveness, and economic openness.
Methodology
The data is calculated by the World Bank using national accounts and international price comparison data.
Historical Context
Policymakers and analysts use this trend to evaluate Benin's participation in global trade and the potential impacts of trade policies.
Key Facts
- Benin's merchandise imports were 27.3% of GDP in 2020.
- Imports have grown from 19.4% of GDP in 2000 to 27.3% in 2020.
- Benin is a member of the Economic Community of West African States (ECOWAS).
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of imported goods and services as a percentage of Benin's gross domestic product (GDP), based on current purchasing power parity (PPP) exchange rates.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Benin's international trade, economic openness, and competitiveness, which are important for evaluating 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 national accounts and international price comparison data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Benin's participation in global trade and the potential impacts of trade policies on the country's economy.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent year may not be available immediately.
Related Trends
Share of Merchandise Exports at Current Purchasing Power Parities for Yemen
CSHXCPYEA156NRUG
Share of Merchandise Imports at Current Purchasing Power Parities for Saint Lucia
CSHMCPLCA156NRUG
Share of Merchandise Exports at Current Purchasing Power Parities for Sweden
CSHXCPSEA156NRUG
Share of Merchandise Imports at Current Purchasing Power Parities for Bhutan
CSHMCPBTA156NRUG
Share of Merchandise Exports at Current Purchasing Power Parities for Germany
CSHXCPDEA156NRUG
Share of Gross Capital Formation at Current Purchasing Power Parities for Israel
CSHICPILA156NRUG
Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for Benin (CSHMCPBJA156NRUG), retrieved from FRED.