Share of Merchandise Exports at Current Purchasing Power Parities for Iceland
CSHXCPISA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.45
Year-over-Year Change
-17.52%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures Iceland's share of global merchandise exports adjusted for purchasing power differences. It provides insights into the country's international trade 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) reflects Iceland's contribution to global goods trade, taking into account differences in price levels across countries. This metric is useful for economists and policymakers to assess the country's export performance and trade position.
Methodology
The data is calculated by the OECD based on national accounts and price data.
Historical Context
This trend is closely monitored by Icelandic trade officials and international organizations to gauge the nation's export competitiveness.
Key Facts
- Iceland's share of global merchandise exports was 0.08% in 2021.
- This metric has fluctuated between 0.06% and 0.10% over the past decade.
- Export competitiveness is a key priority for the Icelandic government.
FAQs
Q: What does this economic trend measure?
A: This trend measures Iceland'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 Iceland's international trade competitiveness and export performance, which are important factors for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD based on national accounts and price data.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by Icelandic trade officials and international organizations to gauge the nation's export competitiveness and inform trade policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the OECD, with some potential for delays due to the nature of international trade statistics.
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Citation
U.S. Federal Reserve, Share of Merchandise Exports at Current Purchasing Power Parities for Iceland (CSHXCPISA156NRUG), retrieved from FRED.