Share of Merchandise Imports at Current Purchasing Power Parities for Mongolia
CSHMCPMNA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.30
Year-over-Year Change
42.22%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Share of Merchandise Imports at Current Purchasing Power Parities for Mongolia' trend measures the proportion of a country's total imports that are accounted for by merchandise trade. This metric is useful for economists and policymakers analyzing a nation's trade dynamics 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
This indicator represents the share of a country's total imports that are comprised of merchandise, or physical goods. It provides insight into the composition of a nation's trade balance and is often used to assess economic openness, trade policy, and competitiveness relative to other countries.
Methodology
The data is calculated by the World Bank using purchasing power parity exchange rates and national accounts statistics.
Historical Context
Policymakers and analysts use this metric to evaluate a country's trade structure and integration into the global economy.
Key Facts
- Mongolia's merchandise imports were 49.4% of total imports in 2021.
- This metric has declined from over 60% in the early 2000s.
- Merchandise trade accounts for a larger share of imports in developed economies.
FAQs
Q: What does this economic trend measure?
A: This metric represents the proportion of a country's total imports that are comprised of physical goods or merchandise, as opposed to services trade.
Q: Why is this trend relevant for users or analysts?
A: The share of merchandise imports provides insight into a country's trade structure and competitiveness, which is useful for policymakers, economists, and investors analyzing a nation's economic performance and integration with global markets.
Q: How is this data collected or calculated?
A: The World Bank calculates this metric using purchasing power parity exchange rates and national accounts data on imports.
Q: How is this trend used in economic policy?
A: Governments and central banks monitor this indicator to evaluate trade dynamics, assess competitiveness, and inform policy decisions related to trade, exchange rates, and economic openness.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so the most recent year may not be immediately available. Additionally, the metric may not fully capture services trade, which is an increasing component of many countries' imports.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for Mongolia (CSHMCPMNA156NRUG), retrieved from FRED.