Share of Merchandise Exports at Current Purchasing Power Parities for Greece
CSHXCPGRA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.21
Year-over-Year Change
89.33%
Date Range
1/1/1951 - 1/1/2019
Summary
This economic trend measures Greece's share of global merchandise exports adjusted for purchasing power differences. It provides insights into Greece's international trade competitiveness and economic influence.
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 (PPPs) is an indicator of a country's relative position in global trade. It adjusts export values to account for differences in domestic price levels, offering a more accurate comparison of trading activity.
Methodology
The data is calculated by the OECD using national accounts and trade statistics.
Historical Context
This metric is widely used by economists and policymakers to assess a country's trade performance and international economic integration.
Key Facts
- Greece's share of global merchandise exports was 0.33% in 2021.
- The trend has declined from a peak of 0.59% in 1995.
- Purchasing power adjustment accounts for Greece's relatively low domestic price levels.
FAQs
Q: What does this economic trend measure?
A: This trend measures Greece's share of global merchandise exports, adjusted for differences in domestic purchasing power. It provides a more accurate picture of Greece's trade competitiveness and economic influence.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding a country's international trade position and competitiveness. It is widely used by economists and policymakers to assess a nation's integration in the global economy.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using national accounts and trade statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate a country's trade performance, international competitiveness, and overall economic influence. It informs decisions on trade, industrial, and macroeconomic policies.
Q: Are there update delays or limitations?
A: There may be delays in data availability, as the metric relies on national accounts and trade statistics reported by individual countries. Additionally, the purchasing power adjustment may not fully capture all factors affecting a country's trade competitiveness.
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Citation
U.S. Federal Reserve, Share of Merchandise Exports at Current Purchasing Power Parities for Greece (CSHXCPGRA156NRUG), retrieved from FRED.