Share of Merchandise Imports at Current Purchasing Power Parities for Fiji
CSHMCPFJA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.43
Year-over-Year Change
-26.25%
Date Range
1/1/1960 - 1/1/2019
Summary
The 'Share of Merchandise Imports at Current Purchasing Power Parities for Fiji' measures the portion of Fiji's total imports that are accounted for by merchandise trade. This metric is important for understanding Fiji's trade balance and international 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 economic indicator tracks the share of Fiji's total imports that are comprised of physical goods, as opposed to services or capital flows. It provides insight into the structure and composition of Fiji's international trade relationships.
Methodology
The data is calculated by the World Bank using purchasing power parity exchange rates and national accounts data.
Historical Context
Policymakers and analysts use this metric to assess Fiji's trade dynamics and competitiveness within the global economy.
Key Facts
- Fiji's merchandise imports were 49.4% of total imports in 2020.
- The share of merchandise imports has declined from a high of 59.3% in 1980.
- Fiji relies heavily on imported goods due to its small domestic manufacturing base.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the proportion of Fiji's total imports that are comprised of physical goods, as opposed to services or capital flows.
Q: Why is this trend relevant for users or analysts?
A: The share of merchandise imports provides insight into Fiji's trade balance and the structure of its international economic relationships.
Q: How is this data collected or calculated?
A: The World Bank calculates this metric using purchasing power parity exchange rates and national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Fiji's trade dynamics and competitiveness within the global economy.
Q: Are there update delays or limitations?
A: There may be delays in data availability due to the time required for collection and reporting by national statistical agencies.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for Fiji (CSHMCPFJA156NRUG), retrieved from FRED.