Share of Merchandise Imports at Current Purchasing Power Parities for Ghana
CSHMCPGHA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.11
Year-over-Year Change
-29.42%
Date Range
1/1/1955 - 1/1/2019
Summary
This economic trend measures Ghana's share of global merchandise imports adjusted for purchasing power parity (PPP). It provides insights into the country's trade dynamics and its position in 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 Ghana tracks the proportion of total global merchandise imports attributable to Ghana. This metric adjusts for differences in domestic purchasing power, offering a more accurate representation of Ghana's trade flows compared to unadjusted import shares.
Methodology
The data is calculated by the World Bank using GDP and trade statistics.
Historical Context
This trend is useful for analyzing Ghana's trade competitiveness and integration within the global marketplace.
Key Facts
- Ghana's share of global merchandise imports was 0.07% in 2020.
- The trend has remained relatively stable over the past decade.
- Purchasing power parity adjustments account for differences in domestic price levels.
FAQs
Q: What does this economic trend measure?
A: This trend measures Ghana's share of total global merchandise imports, adjusting for differences in purchasing power parity to provide a more accurate representation of the country's trade position.
Q: Why is this trend relevant for users or analysts?
A: This trend offers insights into Ghana's trade competitiveness and integration within the global economy, which is valuable information for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using GDP and trade statistics.
Q: How is this trend used in economic policy?
A: This trend can inform policy decisions related to trade, industrial development, and economic integration strategies for Ghana.
Q: Are there update delays or limitations?
A: The data is published annually, and there may be a lag of 1-2 years in the most recent figures.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for Ghana (CSHMCPGHA156NRUG), retrieved from FRED.