Share of Merchandise Imports at Current Purchasing Power Parities for Oman
CSHMCPOMA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.33
Year-over-Year Change
31.54%
Date Range
1/1/1970 - 1/1/2019
Summary
The Share of Merchandise Imports at Current Purchasing Power Parities for Oman measures the relative value of Oman's imports compared to other countries. This metric is important for economists and policymakers to assess Oman's international trade position 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 economic indicator represents the share of Oman's merchandise imports relative to the total imports of a reference group of countries, adjusted for differences in purchasing power across nations. It provides insights into Oman's trade dynamics and can inform policy decisions related to exchange rates, tariffs, and international competition.
Methodology
The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Historical Context
Economists and policymakers use this trend to evaluate Oman's trade balance, exchange rate policy, and competitiveness within the global marketplace.
Key Facts
- Oman's share of global merchandise imports was 0.13% in 2020.
- The trend has fluctuated between 0.10% and 0.15% over the past decade.
- Oman's imports are primarily capital goods, intermediate goods, and consumer goods.
FAQs
Q: What does this economic trend measure?
A: This trend measures the relative value of Oman's merchandise imports compared to the total imports of a reference group of countries, adjusted for differences in purchasing power.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Oman's trade dynamics and international competitiveness, which is important for economists and policymakers evaluating the country's exchange rate policy, tariffs, and overall trade position.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and purchasing power parity (PPP) conversion factors.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess Oman's trade balance, exchange rate policy, and competitiveness within the global marketplace.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national accounts and PPP information provided by Oman and the reference group of countries.
Related Trends
Share of Merchandise Imports at Current Purchasing Power Parities for Russian Federation
CSHMCPRUA156NRUG
Share of Gross Capital Formation at Current Purchasing Power Parities for Sweden
CSHICPSEA156NRUG
Share of Merchandise Exports at Current Purchasing Power Parities for Albania
CSHXCPALA156NRUG
Share of Gross Capital Formation at Current Purchasing Power Parities for Maldives
CSHICPMVA156NRUG
Share of Gross Capital Formation at Current Purchasing Power Parities for Australia
CSHICPAUA156NRUG
Share of Merchandise Imports at Current Purchasing Power Parities for Bermuda
CSHMCPBMA156NRUG
Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for Oman (CSHMCPOMA156NRUG), retrieved from FRED.