Share of Merchandise Imports at Current Purchasing Power Parities for Czech Republic
CSHMCPCZA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.68
Year-over-Year Change
0.77%
Date Range
1/1/1990 - 1/1/2019
Summary
The Share of Merchandise Imports at Current Purchasing Power Parities for Czech Republic measures the ratio of the country's imports to its total economic output, adjusted for price differences across countries.
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 metric provides insight into the openness and integration of the Czech economy with global trade flows. It is a key indicator used by economists and policymakers to assess a country's trade dynamics and competitiveness.
Methodology
The data is calculated by the OECD using purchasing power parity exchange rates to account for price level differences across countries.
Historical Context
This trend is closely monitored by analysts to understand the Czech Republic's position within the global trade landscape and inform economic policy decisions.
Key Facts
- The metric ranges from 0 to 100, with higher values indicating greater trade openness.
- In 2021, the share of merchandise imports for the Czech Republic was 68.3%.
- Trade openness is a key driver of economic growth and productivity in small, export-oriented economies like the Czech Republic.
FAQs
Q: What does this economic trend measure?
A: The Share of Merchandise Imports at Current Purchasing Power Parities for Czech Republic measures the ratio of the country's imports to its total economic output, adjusted for price differences across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the openness and integration of the Czech economy with global trade flows, which is a key indicator used by economists and policymakers to assess a country's trade dynamics and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using purchasing power parity exchange rates to account for price level differences across countries.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by analysts to understand the Czech Republic's position within the global trade landscape and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published by the OECD with some delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for Czech Republic (CSHMCPCZA156NRUG), retrieved from FRED.