Share of Merchandise Exports at Current Purchasing Power Parities for Latvia
CSHXCPLVA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.40
Year-over-Year Change
29.27%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic indicator measures Latvia's share of total global merchandise exports, adjusted for differences in purchasing power across countries. It provides insights into Latvia'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 for Latvia tracks the country's contribution to global merchandise exports, normalized to account for variations in relative price levels between nations. This metric is useful for analyzing Latvia's trade position and economic integration within the global marketplace.
Methodology
The data is calculated by the World Bank using exchange rates and price levels to adjust each country's exports for purchasing power parity.
Historical Context
Policymakers and analysts use this indicator to evaluate Latvia's trade performance and competitiveness compared to other economies.
Key Facts
- Latvia's share of global merchandise exports was 0.07% in 2020.
- The indicator has trended upward since the early 2000s, reflecting Latvia's growing international trade integration.
- Latvia's export share is lower than that of larger European economies like Germany and France.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks Latvia's contribution to total 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 exports metric provides insights into Latvia's international trade competitiveness and economic integration within the global marketplace.
Q: How is this data collected or calculated?
A: The World Bank calculates this indicator using exchange rates and price levels to adjust each country's exports for purchasing power parity.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to evaluate Latvia's trade performance and competitiveness compared to other economies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may not fully capture short-term trade fluctuations.
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Citation
U.S. Federal Reserve, Share of Merchandise Exports at Current Purchasing Power Parities for Latvia (CSHXCPLVA156NRUG), retrieved from FRED.