Share of Merchandise Imports at Current Purchasing Power Parities for Thailand
CSHMCPTHA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.26
Year-over-Year Change
-15.65%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Merchandise Imports at Current Purchasing Power Parities for Thailand' measures the proportion of Thailand's total imports relative to global imports, adjusted for price differences between countries.
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 provides insight into Thailand's trade position and purchasing power on the global market. It is used by economists and policymakers to assess Thailand's international competitiveness and integration within the global economy.
Methodology
The data is calculated by the World Bank using exchange rate and price level information.
Historical Context
Trends in this metric can inform trade and macroeconomic policies.
Key Facts
- Thailand's import share was 1.02% in 2020.
- Import share has declined from a high of 1.25% in 2013.
- Thailand is the 23rd largest import economy in the world.
FAQs
Q: What does this economic trend measure?
A: This metric measures Thailand's share of total 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 insight into Thailand's trade position, international competitiveness, and integration within 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: Trends in this metric can inform trade and macroeconomic policies for Thailand and other countries.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately one year.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for Thailand (CSHMCPTHA156NRUG), retrieved from FRED.