Share of Merchandise Exports at Current Purchasing Power Parities for Iraq
CSHXCPIQA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.33
Year-over-Year Change
-16.44%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures Iraq's share of global merchandise exports adjusted for purchasing power parity. It provides insights into Iraq'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 (PPPs) for Iraq represents the country's portion of worldwide goods exports, with exchange rates adjusted to account for differences in domestic purchasing power. This metric offers valuable context on Iraq's trade dynamics and economic integration.
Methodology
The data is calculated by the World Bank using national accounts and trade statistics.
Historical Context
Policymakers and analysts use this trend to assess Iraq's trade performance and integration into the global economy.
Key Facts
- Iraq's share of global merchandise exports was 0.13% in 2021.
- This metric has fluctuated between 0.08% and 0.16% over the past decade.
- Purchasing power parity adjustments are used to account for Iraq's lower domestic price levels.
FAQs
Q: What does this economic trend measure?
A: This trend measures Iraq's share of global merchandise exports, with exchange rates adjusted for differences in domestic purchasing power.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into Iraq's international trade position and competitiveness within the global economy.
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: Policymakers and analysts use this trend to assess Iraq's trade performance and integration into the global economy.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Share of Merchandise Exports at Current Purchasing Power Parities for Iraq (CSHXCPIQA156NRUG), retrieved from FRED.