Share of Merchandise Exports at Current Purchasing Power Parities for Ecuador
CSHXCPECA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.20
Year-over-Year Change
-6.18%
Date Range
1/1/1950 - 1/1/2019
Summary
This trend measures Ecuador's share of global merchandise exports adjusted for purchasing power parity. It provides insights into the country's international trade position 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 (PPP) tracks Ecuador's contribution to global trade, taking into account differences in price levels across countries. This metric is used by economists to assess a nation's export performance and integration in the global economy.
Methodology
The data is calculated by the World Bank using exchange rates and price indices to adjust for PPP.
Historical Context
Policymakers and analysts monitor this trend to evaluate Ecuador's trade dynamics and the impact of economic policies.
Key Facts
- Ecuador's share of global merchandise exports was 0.07% in 2020.
- The trend has declined from a peak of 0.13% in 2012.
- Ecuador's exports are dominated by primary commodities like oil, bananas, and shrimp.
FAQs
Q: What does this economic trend measure?
A: This trend measures Ecuador'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: The share of merchandise exports at current PPP provides insights into Ecuador's international trade position and competitiveness, which is important for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using exchange rates and price indices to adjust for purchasing power parity.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to evaluate Ecuador's trade dynamics and the impact of economic policies on the country's export performance and global integration.
Q: Are there update delays or limitations?
A: There may be some delays in data availability, as the World Bank publishes this series on an annual basis.
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Citation
U.S. Federal Reserve, Share of Merchandise Exports at Current Purchasing Power Parities for Ecuador (CSHXCPECA156NRUG), retrieved from FRED.