Share of Merchandise Imports at Current Purchasing Power Parities for Uganda
CSHMCPUGA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.13
Year-over-Year Change
-9.33%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Merchandise Imports at Current Purchasing Power Parities for Uganda' measures the proportion of Uganda's total imports that are goods, rather than services. This metric provides insight into the structure of Uganda's international trade flows.
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 goods in Uganda's total imports, using purchasing power parity (PPP) exchange rates to adjust for price differences between countries. It is a key metric for understanding the composition and competitiveness of Uganda's trade balance.
Methodology
The data is calculated by the World Bank using national accounts statistics and PPP conversion factors.
Historical Context
This trend is used by economists and policymakers to analyze Uganda's trade dynamics and integration into the global economy.
Key Facts
- Uganda's merchandise imports were 25.7% of GDP in 2020.
- The share of goods in Uganda's total imports has remained relatively stable over the past decade.
- Comparing Uganda's import share to other East African economies can provide insights on trade patterns.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the proportion of Uganda's total imports that are goods, rather than services, using purchasing power parity exchange rates.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the structure and competitiveness of Uganda's international trade flows, which is crucial for understanding the country's economic integration and development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts statistics and purchasing power parity conversion factors.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this indicator to analyze Uganda's trade dynamics and inform policies related to international competitiveness, trade agreements, and industrial development.
Q: Are there update delays or limitations?
A: There may be lags in data availability, as the World Bank publishes this indicator on an annual basis with a delay of 1-2 years.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for Uganda (CSHMCPUGA156NRUG), retrieved from FRED.