Share of Merchandise Imports at Current Purchasing Power Parities for Sri Lanka
CSHMCPLKA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.12
Year-over-Year Change
-14.63%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Merchandise Imports at Current Purchasing Power Parities for Sri Lanka' measures the proportion of Sri Lanka's total imports of goods relative to its overall economic activity on a purchasing power parity basis. This metric is crucial for understanding Sri Lanka's trade dynamics and international 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
This economic indicator tracks the ratio of Sri Lanka's merchandise imports to its gross domestic product (GDP) adjusted for purchasing power parity. It provides insights into the relative importance of imports in the country's economic structure and can inform policy decisions related to trade, exchange rates, and industrial development.
Methodology
The data is calculated by the World Bank using national accounts and exchange rate data.
Historical Context
Policymakers and analysts use this metric to assess Sri Lanka's trade openness, dependence on imports, and overall economic integration.
Key Facts
- Sri Lanka's merchandise imports as a share of GDP on a purchasing power parity basis was 31.4% in 2021.
- This metric has fluctuated between 25-35% over the past decade, reflecting Sri Lanka's evolving trade dynamics.
- Imports play a significant role in Sri Lanka's economy, contributing to its industrial development and consumption patterns.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the share of Sri Lanka's total merchandise imports relative to its gross domestic product (GDP) on a purchasing power parity (PPP) basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Sri Lanka's trade openness, dependence on imports, and overall economic integration, which are crucial for policymakers and analysts studying the country's economic development and competitiveness.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and exchange rate data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess Sri Lanka's trade dynamics, inform decisions related to trade, exchange rates, and industrial development, and monitor the country's economic integration with the global economy.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for Sri Lanka (CSHMCPLKA156NRUG), retrieved from FRED.