Share of Merchandise Exports at Current Purchasing Power Parities for Cape Verde
CSHXCPCVA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.03
Year-over-Year Change
-62.73%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures Cape Verde's share of global merchandise exports adjusted for purchasing power parity. It provides insights into the country's international trade competitiveness and economic development.
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 for Cape Verde is an indicator of the country's global trade position. It shows Cape Verde's exports as a percentage of total world exports, accounting for differences in purchasing power across countries.
Methodology
The data is calculated by the World Bank using national accounts and trade statistics.
Historical Context
This metric is used by economists and policymakers to assess Cape Verde's export performance and integration into the global economy.
Key Facts
- Cape Verde's export share was 0.001% in 2020.
- The country's export share has remained relatively stable over the past decade.
- Exports play a significant role in Cape Verde's economy, accounting for over 30% of GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures Cape Verde's share of global merchandise exports, adjusted for differences in purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Cape Verde's international trade competitiveness and the country's economic development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and trade statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess Cape Verde's export performance and integration into the global economy.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank with a lag of approximately one year.
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Citation
U.S. Federal Reserve, Share of Merchandise Exports at Current Purchasing Power Parities for Cape Verde (CSHXCPCVA156NRUG), retrieved from FRED.