Share of Merchandise Imports at Current Purchasing Power Parities for Viet Nam
CSHMCPVNA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.52
Year-over-Year Change
63.63%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures Vietnam's share of global merchandise imports adjusted for purchasing power differences. It provides insights into Vietnam's trade competitiveness and integration within the global economy.
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 Vietnam tracks the country's proportion of total global merchandise imports, factoring in differences in domestic purchasing power. This metric offers valuable perspective on Vietnam's trade dynamics and economic standing relative to its international peers.
Methodology
The data is calculated by the World Bank using exchange rate and price level information.
Historical Context
Economists and policymakers monitor this trend to assess Vietnam's trade position and competitiveness.
Key Facts
- Vietnam's share of global merchandise imports was 1.4% in 2020.
- This metric has grown from 0.8% in 2000 to 1.4% in 2020.
- Vietnam's trade share is higher than many other Southeast Asian economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures Vietnam's share of total global merchandise imports, adjusted for differences in domestic purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Vietnam's trade competitiveness and integration within the global economy, which is valuable for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using exchange rate and price level information.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess Vietnam's trade position and competitiveness relative to other countries.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a delay of approximately one year.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for Viet Nam (CSHMCPVNA156NRUG), retrieved from FRED.