Share of Merchandise Imports at Current Purchasing Power Parities for Islamic Republic of Iran
CSHMCPIRA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.04
Year-over-Year Change
-43.18%
Date Range
1/1/1955 - 1/1/2019
Summary
The 'Share of Merchandise Imports at Current Purchasing Power Parities for Islamic Republic of Iran' measures Iran's relative share of global merchandise imports based on purchasing power parity exchange rates. This trend provides insights into Iran's participation in international trade.
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 metric tracks Iran's merchandise imports as a proportion of total global merchandise imports, adjusting for differences in purchasing power across countries. It offers a more accurate representation of Iran's trade position compared to using market exchange rates.
Methodology
The data is calculated by the World Bank using purchasing power parity exchange rates.
Historical Context
Policymakers and analysts use this metric to assess Iran's trade competitiveness and integration with the global economy.
Key Facts
- Iran's merchandise imports accounted for 0.66% of global imports in 2021.
- The metric uses purchasing power parity to adjust for price differences across countries.
- The data is published annually by the World Bank.
FAQs
Q: What does this economic trend measure?
A: This metric tracks Iran's merchandise imports as a proportion of total global merchandise imports, adjusting for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric offers insights into Iran's participation and competitiveness in international trade, which is relevant for policymakers and analysts assessing the country's economic integration and trade position.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using purchasing power parity exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Iran's trade competitiveness and integration with the global economy.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a delay in the most recent updates.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for Islamic Republic of Iran (CSHMCPIRA156NRUG), retrieved from FRED.