Share of Merchandise Imports at Current Purchasing Power Parities for Saint Vincent and the Grenadines
CSHMCPVCA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.67
Year-over-Year Change
-18.48%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures the share of merchandise imports for Saint Vincent and the Grenadines based on current purchasing power parities (PPPs). It provides insights into the country's international trade dynamics and purchasing power relative to other economies.
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 PPPs is an important indicator for evaluating a country's trade relationships and assessing its economic integration within the global marketplace. It can help analysts and policymakers understand a nation's competitiveness, consumption patterns, and reliance on foreign goods.
Methodology
The data is collected and calculated by the World Bank using a complex methodology involving exchange rates and price comparisons.
Historical Context
This metric is closely watched by international organizations, economists, and investors to gauge a country's trade balance and macroeconomic health.
Key Facts
- Saint Vincent and the Grenadines is a small island nation in the Caribbean.
- Its share of merchandise imports at current PPPs was 59.4% in 2020.
- Import reliance can indicate economic development and trade integration.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of total merchandise imports for Saint Vincent and the Grenadines, adjusted for purchasing power parity (PPP). It provides insights into the country's trade balance and international competitiveness.
Q: Why is this trend relevant for users or analysts?
A: The share of merchandise imports at current PPPs is an important metric for evaluating a country's economic integration, trade relationships, and consumption patterns relative to the global economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using a complex methodology involving exchange rates and price comparisons to determine purchasing power parity.
Q: How is this trend used in economic policy?
A: This metric is closely watched by international organizations, economists, and investors to gauge a country's trade balance, competitiveness, and overall macroeconomic health, which informs policy decisions.
Q: Are there update delays or limitations?
A: There can be delays in data availability, as the World Bank compiles and publishes this information on an annual basis with a lag.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for Saint Vincent and the Grenadines (CSHMCPVCA156NRUG), retrieved from FRED.