Share of Merchandise Imports at Current Purchasing Power Parities for Saint Kitts and Nevis
CSHMCPKNA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.88
Year-over-Year Change
-2.65%
Date Range
1/1/1970 - 1/1/2019
Summary
This trend measures Saint Kitts and Nevis' share of merchandise imports based on current purchasing power parity (PPP) exchange rates. It provides insights into the country's international trade dynamics and its position 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 PPP represents the proportion of a country's total imports that are measured using PPP exchange rates rather than market exchange rates. This metric offers a more accurate assessment of a nation's purchasing power and real trade flows.
Methodology
The data is calculated by the World Bank using national accounts and international price data.
Historical Context
This trend is used by economists and policymakers to analyze a country's trade competitiveness and integration within the global marketplace.
Key Facts
- Saint Kitts and Nevis is a small island nation in the Caribbean.
- Merchandise imports account for a significant portion of the country's GDP.
- Tracking imports at PPP provides a more accurate picture of trade flows.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of Saint Kitts and Nevis' total merchandise imports that are calculated using purchasing power parity (PPP) exchange rates rather than market exchange rates.
Q: Why is this trend relevant for users or analysts?
A: Analyzing a country's imports at PPP provides a more accurate assessment of its real trade flows and purchasing power within the global economy, which is useful for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and international price data.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to evaluate a country's trade competitiveness and integration within the global marketplace.
Q: Are there update delays or limitations?
A: The data may be subject to update delays and potential limitations in availability or coverage for certain countries.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for Saint Kitts and Nevis (CSHMCPKNA156NRUG), retrieved from FRED.