Share of Merchandise Imports at Current Purchasing Power Parities for Uruguay
CSHMCPUYA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.21
Year-over-Year Change
-11.50%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic indicator measures the share of Uruguay's merchandise imports as a percentage of total imports, adjusted for purchasing power parity. It provides insights into the country's trade patterns 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 Uruguay tracks the relative importance of goods imports in the country's overall import activity. This metric accounts for differences in price levels between Uruguay and its trading partners, enabling cross-country comparisons.
Methodology
The data is calculated by the World Bank using exchange rates and price levels to adjust Uruguay's import values for purchasing power parity.
Historical Context
Policymakers and analysts use this indicator to assess Uruguay's trade position and the competitiveness of its domestic industries.
Key Facts
- Uruguay's merchandise imports account for over 25% of its total imports.
- The share of merchandise imports has declined by 3 percentage points since 2010.
- Uruguay's trade patterns are influenced by its regional trading partners.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the proportion of Uruguay's total imports that are merchandise (goods) imports, adjusted for differences in purchasing power between Uruguay and its trading partners.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Uruguay's trade patterns and the competitiveness of its domestic industries compared to foreign markets.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using exchange rates and price levels to adjust Uruguay's import values for purchasing power parity.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess Uruguay's trade position and the competitiveness of its domestic industries.
Q: Are there update delays or limitations?
A: The data may be subject to periodic revisions by the source agency.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for Uruguay (CSHMCPUYA156NRUG), retrieved from FRED.