Share of Merchandise Imports at Current Purchasing Power Parities for Norway
CSHMCPNOA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.33
Year-over-Year Change
0.78%
Date Range
1/1/1950 - 1/1/2019
Summary
This trend measures Norway's share of merchandise imports adjusted for purchasing power differences across countries. It provides insights into Norway's international trade 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
The share of merchandise imports at current purchasing power parities (PPPs) for Norway represents the country's relative importance as a destination for global merchandise exports. It accounts for differences in price levels between Norway and its trading partners, offering a more accurate assessment of trade flows.
Methodology
The data is calculated by the OECD using national accounts and trade statistics.
Historical Context
This indicator is useful for policymakers and analysts to evaluate Norway's trade dynamics and economic integration.
Key Facts
- Norway's import share was 0.66% in 2021.
- The indicator adjusts for price level differences across countries.
- It provides insights into Norway's trade position and economic integration.
FAQs
Q: What does this economic trend measure?
A: This trend measures Norway's share of global merchandise imports, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into Norway's trade dynamics and competitiveness in the global economy.
Q: How is this data collected or calculated?
A: The OECD calculates this indicator using national accounts and trade statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to evaluate Norway's trade position and economic integration.
Q: Are there update delays or limitations?
A: The data is updated periodically by the OECD, and may have some lags in availability.
Related Trends
Share of Household Consumption at Current Purchasing Power Parities for Ghana
CSHCCPGHA156NRUG
Share of Merchandise Imports at Current Purchasing Power Parities for Bahamas
CSHMCPBSA156NRUG
Share of Merchandise Imports at Current Purchasing Power Parities for Greece
CSHMCPGRA156NRUG
Share of Gross Capital Formation at Current Purchasing Power Parities for Republic of Korea
CSHICPKRA156NRUG
Share of Government Consumption at Current Purchasing Power Parities for Saint Kitts and Nevis
CSHGCPKNA156NRUG
Share of Household Consumption at Current Purchasing Power Parities for Luxembourg
CSHCCPLUA156NRUG
Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for Norway (CSHMCPNOA156NRUG), retrieved from FRED.