Share of Merchandise Exports at Current Purchasing Power Parities for Bermuda
CSHXCPBMA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.01
Year-over-Year Change
-89.83%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Share of Merchandise Exports at Current Purchasing Power Parities for Bermuda' measures Bermuda's share of global merchandise exports adjusted for differences in purchasing power. This metric provides insights into Bermuda's relative position in international trade.
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
This series represents Bermuda's share of global merchandise exports, with the values adjusted to account for differences in purchasing power across countries. It offers a more accurate picture of Bermuda's trade competitiveness and economic influence compared to using nominal exchange rates.
Methodology
The data is calculated by the World Bank using purchasing power parity (PPP) exchange rates.
Historical Context
This metric is useful for policymakers and analysts to evaluate Bermuda's trade performance and economic integration within the global marketplace.
Key Facts
- Bermuda's share of global merchandise exports was 0.01% in 2020.
- The metric adjusts for differences in purchasing power across countries.
- Bermuda's trade share has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures Bermuda's share of global merchandise exports, with the values adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Bermuda's relative position and competitiveness in international trade, which is useful for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using purchasing power parity (PPP) exchange rates.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and analysts to evaluate Bermuda's trade performance and economic integration within the global marketplace.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in publishing the latest figures.
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Citation
U.S. Federal Reserve, Share of Merchandise Exports at Current Purchasing Power Parities for Bermuda (CSHXCPBMA156NRUG), retrieved from FRED.