Share of Merchandise Exports at Current Purchasing Power Parities for Congo
CSHXCPCGA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.67
Year-over-Year Change
-25.49%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures the share of merchandise exports at current purchasing power parities for the Democratic Republic of the Congo. It provides insight into the country's international trade and competitiveness.
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 represents the value of a country's exported goods relative to its overall economic output, adjusted for differences in price levels between countries. This metric is useful for analyzing a nation's export performance and integration into the global economy.
Methodology
The data is calculated by the World Bank using exchange rates and price level ratios.
Historical Context
Policymakers and economists use this trend to evaluate a country's export-oriented development strategies and trade policies.
Key Facts
- The Democratic Republic of the Congo is a major exporter of raw materials and natural resources.
- Export performance is a key driver of economic growth in developing countries.
- Purchasing power parity adjusts for cost-of-living differences across nations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of a country's total merchandise exports relative to its overall economic output, adjusted for differences in price levels between countries using purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into a country's export competitiveness and integration into the global economy, which are important factors for evaluating its economic development and trade policies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using exchange rates and price level ratios to adjust for purchasing power parity.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess a country's export-oriented growth strategies and the effectiveness of its trade policies in boosting international competitiveness.
Q: Are there update delays or limitations?
A: The data may have update lags due to the time required for collection and calculation by the World Bank. Additionally, the purchasing power parity adjustment can be subject to methodological limitations.
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Citation
U.S. Federal Reserve, Share of Merchandise Exports at Current Purchasing Power Parities for Congo (CSHXCPCGA156NRUG), retrieved from FRED.