Share of Merchandise Imports at Current Purchasing Power Parities for Sudan
CSHMCPSDA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.04
Year-over-Year Change
-56.83%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Share of Merchandise Imports at Current Purchasing Power Parities for Sudan' measures the relative importance of imported goods in Sudan's economy. This indicator is crucial for policymakers to understand trade dynamics and the country's 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 series represents the share of imported merchandise goods, adjusted for purchasing power differences, as a percentage of Sudan's total imports. It provides insight into the composition and structure of Sudan's international trade, which is a key factor in economic growth and development.
Methodology
The data is calculated by the World Bank using exchange rate and price level information.
Historical Context
This metric is used by economists and policymakers to assess Sudan's trade patterns and integration with the global economy.
Key Facts
- Sudan's merchandise imports were 20.4% of GDP in 2020.
- The share of imports has declined from a high of 29.3% in 2010.
- China is Sudan's largest import source, accounting for over 30% of total imports.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the share of imported merchandise goods in Sudan's total imports, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Sudan's trade patterns and competitiveness, which is crucial for policymakers to understand the country's economic development and integration with the global economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using exchange rate and price level information.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess Sudan's trade dynamics and competitiveness, which informs policies related to trade, investment, and economic growth.
Q: Are there update delays or limitations?
A: The data is subject to the availability of exchange rate and price level information from the World Bank, which may result in occasional delays or missing data points.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for Sudan (CSHMCPSDA156NRUG), retrieved from FRED.