Share of Merchandise Imports at Current Purchasing Power Parities for Gambia
CSHMCPGMA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.15
Year-over-Year Change
37.11%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures Gambia's share of merchandise imports at current purchasing power parities, providing insights into the country's international trade dynamics.
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 Gambia represents the proportion of Gambia's total imports of goods relative to other countries, adjusted for differences in purchasing power. This metric is useful for economic analysts and policymakers to understand Gambia's trade position and competitiveness.
Methodology
The data is collected and calculated by the World Bank based on international trade statistics.
Historical Context
This trend is relevant for understanding Gambia's economic integration and performance within the global marketplace.
Key Facts
- Gambia's share of merchandise imports was 0.002 in 2020.
- Purchasing power parity adjusts for price level differences across countries.
- This metric provides insights into Gambia's global trade competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures Gambia's share of total 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 Gambia's trade position, competitiveness, and economic integration within the global marketplace.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on international trade statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to understand Gambia's trade dynamics and inform policies related to international competitiveness and economic integration.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the World Bank.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for Gambia (CSHMCPGMA156NRUG), retrieved from FRED.