Share of Merchandise Imports at Current Purchasing Power Parities for South Africa
CSHMCPZAA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.20
Year-over-Year Change
-2.87%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic indicator measures South Africa's share of global merchandise imports based on current purchasing power parity. It provides insights into the country's international trade and economic standing.
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 (PPPs) for South Africa represents the country's portion of total global merchandise imports, adjusted for price differences across countries. This metric is useful for analyzing South Africa's international trade patterns and competitiveness.
Methodology
The data is collected and calculated by the World Bank based on national accounts and purchasing power parity estimates.
Historical Context
Policymakers and analysts use this indicator to assess South Africa's trade position and integration within the global economy.
Key Facts
- South Africa's share of global merchandise imports was 0.47% in 2021.
- The indicator has declined from a high of 0.72% in 2008.
- Merchandise trade accounts for a significant portion of South Africa's GDP.
FAQs
Q: What does this economic trend measure?
A: This indicator measures South Africa's share of total global merchandise imports, adjusted for purchasing power parity differences across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into South Africa's trade position and competitiveness within the global economy, which is relevant for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts and purchasing power parity estimates.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess South Africa's trade integration and formulate policies to enhance the country's international competitiveness.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not capture short-term fluctuations in South Africa's trade dynamics.
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Citation
U.S. Federal Reserve, Share of Merchandise Imports at Current Purchasing Power Parities for South Africa (CSHMCPZAA156NRUG), retrieved from FRED.