Share of Merchandise Imports at Current Purchasing Power Parities for Colombia
CSHMCPCOA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.13
Year-over-Year Change
-6.53%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Merchandise Imports at Current Purchasing Power Parities for Colombia' measures the portion of Colombia's total imports that are accounted for by merchandise trade. This metric is important for understanding Colombia's international trade dynamics 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
This indicator represents the share of Colombia's total imports that are comprised of merchandise, as opposed to services or other non-goods trade. It is a useful gauge of the composition and structure of Colombia's import activity and can provide insights into the country's participation in global supply chains.
Methodology
The data is calculated by the World Bank using purchasing power parity exchange rates and national accounts statistics.
Historical Context
This metric is closely watched by policymakers, economists, and investors to assess Colombia's trade position and competitiveness.
Key Facts
- Colombia's merchandise imports account for over 60% of its total imports.
- The share of merchandise imports has risen steadily over the past decade.
- Merchandise trade makes up a larger portion of Colombia's imports than its exports.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the share of Colombia's total imports that are comprised of merchandise goods, as opposed to services or other non-goods trade.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the structure and composition of Colombia's international trade, which is useful for policymakers, economists, and investors analyzing the country's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using purchasing power parity exchange rates and national accounts statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess Colombia's trade position, integration into global supply chains, and overall economic competitiveness.
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 Colombia (CSHMCPCOA156NRUG), retrieved from FRED.