Share of Merchandise Imports at Current Purchasing Power Parities for Singapore
CSHMCPSGA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.12
Year-over-Year Change
-13.54%
Date Range
1/1/1960 - 1/1/2019
Summary
The Share of Merchandise Imports at Current Purchasing Power Parities for Singapore measures the portion of a country's total imports that are measured at purchasing power parity. This metric is important for economists and policymakers to understand trade dynamics and relative prices.
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 tracks the share of a country's merchandise imports that are valued at current purchasing power parities rather than market exchange rates. It provides insights into a nation's trade competitiveness and the relative purchasing power of its currency.
Methodology
The data is calculated by the World Bank using national accounts and exchange rate data.
Historical Context
Analysts use this metric to assess a country's trade position and the impact of exchange rate movements.
Key Facts
- Singapore is a major global trading hub.
- Imports account for over 150% of Singapore's GDP.
- Purchasing power parity adjusts for cost-of-living differences.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the portion of a country's total merchandise imports that are valued at purchasing power parity rather than market exchange rates.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into a nation's trade competitiveness and the relative purchasing power of its currency, which is important for understanding trade dynamics.
Q: How is this data collected or calculated?
A: The World Bank calculates this indicator using national accounts and exchange rate data.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to assess a country's trade position and the impact of exchange rate movements.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so it may not reflect the most recent trade conditions.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for Singapore (CSHMCPSGA156NRUG), retrieved from FRED.