Share of Merchandise Imports at Current Purchasing Power Parities for Bolivarian Republic of Venezuela
CSHMCPVEA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.00
Year-over-Year Change
-99.35%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic indicator measures the share of Venezuela's merchandise imports at current purchasing power parities, providing insights into the country's trade and consumption patterns.
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 Bolivarian Republic of Venezuela tracks the proportion of Venezuela's total imports relative to its overall economic output, adjusted for price differences between countries.
Methodology
The data is calculated by the World Bank using exchange rates and price levels.
Historical Context
This trend is relevant for analyzing Venezuela's trade dynamics and assessing its economic performance relative to other countries.
Key Facts
- Venezuela's share of merchandise imports was 15.3% in 2020.
- This indicator has declined from a high of 19.3% in 2012.
- The data is published annually by the World Bank.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the proportion of Venezuela's total imports relative to its overall economic output, adjusted for price differences between countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Venezuela's trade patterns and consumption levels, which are important for analyzing the country's economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using exchange rates and price levels.
Q: How is this trend used in economic policy?
A: This indicator is used by economists and policymakers to assess Venezuela's trade dynamics and its economic position relative to other countries.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a delay in the most recent information.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for Bolivarian Republic of Venezuela (CSHMCPVEA156NRUG), retrieved from FRED.