Share of Merchandise Imports at Current Purchasing Power Parities for United Republic of Tanzania
CSHMCPTZA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.11
Year-over-Year Change
-25.53%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures the share of Tanzania's merchandise imports at current purchasing power parities, providing insights into the country's trade dynamics and international 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
The Share of Merchandise Imports at Current Purchasing Power Parities for United Republic of Tanzania represents the proportion of Tanzania's total imports of goods relative to its overall economic output, adjusted for differences in prices between countries.
Methodology
The data is calculated by the World Bank using national accounts and trade data.
Historical Context
This trend is used by economists and policymakers to analyze Tanzania's trade position and integration into the global economy.
Key Facts
- Tanzania's merchandise imports account for over 30% of its GDP.
- The trend has shown a gradual increase since the early 2000s.
- Purchasing power parity adjustments are crucial for accurate cross-country comparisons.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of Tanzania's merchandise imports relative to its overall economic output, adjusted for differences in prices between countries using purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Tanzania's trade dynamics and international competitiveness, which are crucial for economists and policymakers analyzing the country's economic development and integration into the global economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and trade data.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess Tanzania's trade position and evaluate the effectiveness of policies aimed at promoting international trade and economic integration.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national accounts and trade data reported by the Tanzanian government.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for United Republic of Tanzania (CSHMCPTZA156NRUG), retrieved from FRED.