Share of Merchandise Imports at Current Purchasing Power Parities for Namibia
CSHMCPNAA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.64
Year-over-Year Change
39.92%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures Namibia's share of total world merchandise imports adjusted for purchasing power differences across countries. It provides insights into Namibia's trade position and integration 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 purchasing power parities (PPPs) tracks Namibia's portion of total global imports, factoring in differences in domestic price levels between countries. This indicator offers valuable perspective on Namibia's trade competitiveness and economic engagement with international markets.
Methodology
The data is calculated by the World Bank using exchange rates and price level ratios to convert local currency values to a common basis.
Historical Context
This metric is used by policymakers and analysts to monitor Namibia's trade dynamics and assess its economic integration within the global trading system.
Key Facts
- Namibia's import share was 0.04% in 2020.
- This metric has declined from a high of 0.07% in 2010.
- Namibia accounts for a small fraction of global merchandise imports.
FAQs
Q: What does this economic trend measure?
A: This trend measures Namibia's share of total world 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 Namibia's trade position and integration within the global economy, which is useful for policymakers and economists analyzing the country's economic performance.
Q: How is this data collected or calculated?
A: The World Bank calculates this data using exchange rates and price level ratios to convert local currency values to a common basis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor Namibia's trade dynamics and assess its economic integration within the global trading system.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the metric may not capture all aspects of Namibia's trade and economic relationships.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for Namibia (CSHMCPNAA156NRUG), retrieved from FRED.