Share of Merchandise Imports at Current Purchasing Power Parities for Iraq
CSHMCPIQA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.15
Year-over-Year Change
44.24%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures Iraq's share of global merchandise imports adjusted for purchasing power parity. It provides insights into Iraq's international trade position and competitiveness.
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 Iraq is an indicator of the country's participation in global trade. It represents Iraq's imports as a proportion of total world imports, with adjustments made for differences in national price levels.
Methodology
The data is calculated by the World Bank using exchange rates and price levels to convert imports to a common currency.
Historical Context
This metric is useful for policymakers and analysts assessing Iraq's trade integration and economic performance relative to other countries.
Key Facts
- Iraq's share of global merchandise imports was 0.31% in 2020.
- The trend has fluctuated between 0.23% and 0.39% over the past decade.
- Iraq's import share is influenced by oil exports, domestic demand, and exchange rate movements.
FAQs
Q: What does this economic trend measure?
A: This trend measures Iraq'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 Iraq's trade integration, competitiveness, and economic performance relative to other nations.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using exchange rates and price levels to convert imports to a common currency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Iraq's trade position and inform decisions on trade, exchange rate, and competitiveness policies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture recent economic changes in Iraq.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for Iraq (CSHMCPIQA156NRUG), retrieved from FRED.