Share of Merchandise Imports at Current Purchasing Power Parities for Senegal
CSHMCPSNA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.26
Year-over-Year Change
4.64%
Date Range
1/1/1960 - 1/1/2019
Summary
The 'Share of Merchandise Imports at Current Purchasing Power Parities for Senegal' tracks the portion of Senegal's total imports that are goods rather than services. This metric is important for understanding Senegal's trade balance and economic integration.
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 data series represents the share of merchandise (physical goods) in Senegal's total imports, calculated using purchasing power parity exchange rates. It provides insight into the composition of Senegal's trade flows and can inform economic policies and strategies.
Methodology
The data is collected and calculated by the World Bank using national accounts and trade statistics.
Historical Context
Policymakers and analysts use this import share metric to assess Senegal's trade patterns and competitiveness.
Key Facts
- Senegal's merchandise import share was 58.8% in 2020.
- The import share has increased from 49.7% in 2000.
- Senegal is working to diversify its imports and exports.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the portion of Senegal's total imports that are physical goods, rather than services, using purchasing power parity exchange rates.
Q: Why is this trend relevant for users or analysts?
A: The merchandise import share provides insight into Senegal's trade patterns and economic integration, which is useful for policymakers and economists analyzing the country's economy.
Q: How is this data collected or calculated?
A: The World Bank collects and calculates this data using national accounts and trade statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this import share metric to assess Senegal's trade competitiveness and inform economic strategies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture recent economic changes in Senegal.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for Senegal (CSHMCPSNA156NRUG), retrieved from FRED.