Share of Merchandise Imports at Current Purchasing Power Parities for Grenada
CSHMCPGDA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.25
Year-over-Year Change
-63.21%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures Grenada's share of total merchandise imports at current purchasing power parities. It provides insights into the country's trade dynamics and integration within the global economy.
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 Grenada represents the country's proportion of total global merchandise imports, adjusted for differences in purchasing power across countries. This metric is useful for understanding Grenada's trade position and comparative advantage in international markets.
Methodology
The data is calculated by the World Bank based on purchasing power parity conversion factors and national accounts statistics.
Historical Context
This trend is relevant for policymakers and economists analyzing Grenada's trade competitiveness and external sector performance.
Key Facts
- Grenada's import share was 0.002% in 2021.
- The trend has declined from a peak of 0.003% in 2006.
- Grenada is a small island developing state in the Caribbean.
FAQs
Q: What does this economic trend measure?
A: This trend measures Grenada's share of total global merchandise imports, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Grenada's trade position and competitiveness within the global economy, which is important for policymakers and economists analyzing the country's external sector performance.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on purchasing power parity conversion factors and national accounts statistics.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and economists analyzing Grenada's trade dynamics and integration within the global economy, which can inform trade, exchange rate, and other economic policies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for Grenada (CSHMCPGDA156NRUG), retrieved from FRED.