Share of Merchandise Exports at Current Purchasing Power Parities for Dominica
CSHXCPDMA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.07
Year-over-Year Change
-25.07%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic indicator measures Dominica's share of global merchandise exports adjusted for purchasing power differences across countries. It provides insights into Dominica's trade competitiveness and integration within the global economy.
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 Dominica tracks the country's proportion of total worldwide merchandise exports, factoring in differences in domestic purchasing power. This metric offers economists and policymakers a more nuanced view of Dominica's trade performance compared to nominal export data.
Methodology
The data is calculated by the World Bank using national accounts and trade statistics.
Historical Context
This trend is used to assess Dominica's trade dynamics and international competitiveness within the context of global economic conditions.
Key Facts
- Dominica's share of global merchandise exports was 0.001% in 2020.
- This indicator has declined from a high of 0.002% in 2015.
- Dominica is a small island nation heavily dependent on imports and tourism.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks Dominica's proportion of total worldwide merchandise exports, adjusted for differences in domestic purchasing power across countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a more nuanced view of Dominica's trade performance and competitiveness within the global economy compared to nominal export data.
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: This indicator is used to assess Dominica's trade dynamics and international competitiveness within the context of global economic conditions.
Q: Are there update delays or limitations?
A: The data is published annually with a delay, and may be subject to revisions by the source.
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Citation
U.S. Federal Reserve, Share of Merchandise Exports at Current Purchasing Power Parities for Dominica (CSHXCPDMA156NRUG), retrieved from FRED.