Share of Merchandise Exports at Current Purchasing Power Parities for Austria
CSHXCPATA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.53
Year-over-Year Change
-18.58%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures Austria's share of total global merchandise exports adjusted for purchasing power parity. It provides insights into Austria's competitiveness and international trade dynamics.
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 exports at current purchasing power parities (PPPs) for a country represents its global market share of exported goods, normalized for differences in price levels across economies. This is a key indicator of a country's export competitiveness and trade position within the global economy.
Methodology
The data is calculated by the OECD based on national accounts and trade statistics.
Historical Context
Policymakers and analysts use this metric to assess a country's export performance and trade-related economic conditions.
Key Facts
- Austria's share of global merchandise exports was 1.31% in 2021.
- Austria's export competitiveness has increased by 7.2% since 2015.
- Exports make up over 50% of Austria's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures Austria's share of total global merchandise exports, adjusted for differences in purchasing power across economies.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Austria's export competitiveness and trade position within the global economy, which is crucial for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD based on national accounts and trade statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess a country's export performance and trade-related economic conditions, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is updated annually, with a potential delay of several months.
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Citation
U.S. Federal Reserve, Share of Merchandise Exports at Current Purchasing Power Parities for Austria (CSHXCPATA156NRUG), retrieved from FRED.